The adjuzted trial balances of Verne Corporation at August 31, 2018, and August

Question

The adjuzted trial balances of Verne Corporation at August 31, 2018, and August 31, 2017, include these amounts in millions) EEB Cick the icon to view the tial belance amounts.) Veme Corporation complete these transactions (in milions) during the year ended August 31, 2018 (Click the icon to view theransaclions.) Resd the eouirement The salcs revenue for the year ended August 31, 2018 is $ milion Trial balance amounts i Transadions 2018 2017 ccounts recaivable Prepeid insurance Accnued liabildee payable (tor other operating expenses) 490 29 Collectione from custumers Peyment of prepeid insurence Cash paymants for cthar operating axparsas 5 20.600 440 440 400 420 620 PrintDane Print Done

Explanation / Answer

The sales revenue for the year ending 31.08.2018 is $ 20800 Explanation: Accounts receivable at the end 490 Add: Collections from AR 20600 21090 Less: Beginning Balance of Accounts receivable 290 Sales revenue for the year 20800

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