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E4-5 During the course of your examination of the financial statensents of Trojan Corporation for...

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Accounting

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E4-5 During the course of your examination of the financial statensents of Trojan Corporation for the year ended December 31, 2024, you come across severat items needing further consideration. Currently, net incoene is $100000. 2. Durine 2024, the company received a $4,000 cash advance from a customer for services to be performed in 2025 . The $4,000 was incorrectly recorded in Service Revenue. 3. Purchases of vapplies during the year were incorrestly recorded to Supplies Eupesse. You discover that supplies costing $2,750 were on hand on December 31.2024. Required: Using the information in 1 theough 4 above, determine the proper ameunt of act income as of December 31. 2024

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