1.
Please refer to the worksheet below.
Trial Balance
Adjustments
Adjusted Trial Balance
Income Statement
Balance Sheet
Account Title
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Dr.
Cr.
Cash
$1,700
$1,700
$1,700
Accounts receivable
8,500
$2,000
10,500
10,500
Supplies
100
$80
20
20
Equipment
7,500
7,500
7,500
Accumulated depreciation
$2,000
240
$2,240
$2,240
Accounts payable
1,200
1,200
1,200
Salary payable
800
180
980
980
Unearned revenue
600
600
600
Capital
3,400
3,400
3,400
Drawing
2,300
2,300
2,300
Service revenue
40,000
2,000
42,000
$42,000
Salary expense
24,000
180
24,180
$24,180
Supplies expense
2,300
80
2,380
2,380
Depreciation expense
1,600
240
1,840
1,840
$48,000
$48,000
$2,500
$2,500
$50,420
$50,420
$28,400
$42,000
$22,020
$8,420
13,600
13,600
$42,000
$42,000
$22,020
$22,020
(Points : 2)
a. $42,000
b.$13,600
c.$22,000
d.$28,200
b. 13,600
To find the answer to the question, we need to look at the Income Statement. The income statement shows the revenue and expenses incurred during a specific period of time. The question asks for the total revenue, so we need to find the revenue amount on the income statement.
Looking at the income statement in the worksheet, we can see that the service revenue is $42,000. Therefore, the answer to the question is $42,000.
So, the correct answer is:
a. $42,000