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Homework#12-ACCRUED REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc. repairs, cleans, and stores boats for customers. They are
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Answer #1

A)

DATE ACCOUNT TITLE DEBIT CREDIT
30NOV Accounts receivable 33300
service revenue 33300

B)

INCOME STATEMENT

BOAT YARD INC.

FOR THE MONTH ENDED NOVEMBER 30 2018

Service revenue 33300
less:Expenses
Advertising expense 2400
Supplies used 18900
wage expense 4000
Total expenses (25300)
Net operating income 8000
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