ROLD REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc AuC repairs, cleans, and stores boats for customers. They...
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ROLD REVENUES-COMPREHENSIVE QUESTION: Boat Yard Inc AuC repairs, cleans, and stores boats for customers. They are preparing monthly financial statements for November 30, 2017 using accrual accounting. On November 30, the Boat Yard cleaned three boats but did not record the service fees of $33,300, paid $2,400 cash for a radio ad to air in January 2018, the inventory count showed usage of $ supplies, and wage expenses were $4,000. Instructions: A. What is the adjusting entry to accrued revenues earned? B. Prepare an Income Statement for Boat Yard Inc. for the month ended November 30 2017 18,900 in boat Boat Yard Inc. Income Statement For the month ending November 30, 2017
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