Using adjusting journal entries and computing financial statement amounts The adjusted trial balances of Superior International, Inc., at August 31, 2012, andAugust 31, 2011, include the following amounts:
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2012
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2011
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Supplies
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$2,400
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$1,200
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Salary payable
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2,500
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4,100
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Unearned service revenue
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12,100
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17,100
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Analysis of the accounts at August 31, 2012, reveals the following transactions for the fiscal year ending in 2012:
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Cash payments for supplies
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$ 6,100
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Cash payments for salaries
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47,300
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Cash receipts in advance for service revenue
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83,200
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Requirement
1. Compute the amount of Supplies expense, Salary expense, and Service revenue to report on the Superior International income statement for 2012.