The current-and prior-year balance sheets of Banter Company show the following account balances:

During the current year Banter purchased $11,300 of supplies and received $9,200 of cash for services to be performed later.
Required
Using T-accounts, determine Banter Company's supplies expense and service revenue for the current year.

Transcribed Image Text:

Supplies Unearned Revenue Current Year $3,000 7,200 Prior Year $4,500 7,000