The adjusted trial balances of LSC, Inc., at March 31, 2012, and March 31, 2013, include these amounts:

Analysis of the accounts at March 31, 2013, reveals these transactions for the past twelve months:
Purchase of supplies........................................................................................... $ 6,500
Cash payments for salaries................................................................................. 49,200
Cash receipts in advance for service revenue...................................................... 100,000

Requirement
Compute the amount of supplies expense, salaries expense, and service revenue LSC, Inc., will report for the year ended March 31, 2013. Solve by making T-accounts and posting the information to solve for the unknownamounts.

Transcribed Image Text:

Supplies Salaries Payable. Unearned Service Revenue 2012 2013 $ 1,500 $3,700 3,300 2,400 12,000 8,400