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Astrid Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accounting and engaged in the following transactions:

Astrid Transportation Inc., headquartered in Atlanta, Georgia, uses accrual-basis accounting and engaged in the following transactions:

  • billed customers $2,407,650 for transportation services
  • collected cash from customers in the amount of $1,381,975
  • purchased fuel supplies for $1,333,800 cash
  • used fuel supplies that cost $1,305,540
  • employees earned salaries of $292,600
  • paid employees $280,300 cash for salaries

Determine the amount of sales revenue and total expenses for Astrid's income statement.

Sales Revenue $
Total Expenses $

Sep 22 2020 Read more Less More

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