The adjusted trial balances of Tower Development Inc. for March 31, 2013, and March 31, 2014, include
Question:
Tower Development completed these transactions during the year ended March 31, 2014.
Collections from customers .......................................................................... $20,800
Payment of prepaid insurance ...................................................................... 400
Cash payments for other operating expenses ................................................ 4,100
Compute the amount of sales revenue, insurance expense, and other operating expense to report on the income statement for the year ended March 31, 2014.
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Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
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