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Exercise 3-44 (Algorithmic) Revenue Expense and Recognition Carrico Advertising Inc, performs advertising services for severa
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Answer #1

1. Income before income taxes: $92,420

Service revenue 691100
Less:
Operating expense 437600
Interest expense 135500
Supplies expense 25580 598680
Income before income taxes $ 92420

2. Ending balance of accounts receivable = $45800 + $691100 - $708700 = $28200

Supplies used = $13210 + $14600 - $2230 = $25580

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