Accrued Service Fees 1,200,000.00 Additional Investments 300,000.00 Depreciation Expense 800,000.00 Gas and Oil 220,000.00 Insurance Expense 12,000.00 Prepaid Insurance 10,000.00 Rent Expense 240,000.00 Repairs and Maintenance 150,000.00 Riviera, Capital - Beginning 700,000.00 Riviera, Personal 180,000.00 Salaries Expense 500,000.00 Salaries Payable 25,000.00 Service Fees 8,000,000.00

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.5C
icon
Related questions
Topic Video
Question
Using the given data kindly identify the Total Revenue, Net income, Ending capital and Net increase increase
For Questions related to MoonRiver Logistics, refer to
this given information.
Accrued Service Fees
1,200,000.00
Additional Investments
300,000.00
Depreciation Expense
800,000.00
Gas and Oil
220,000.00
Insurance Expense
12,000.00
Prepaid Insurance
10,000.00
Rent Expense
240,000.00
Repairs and Maintenance
150,000.00
Riviera, Capital - Beginning
700,000.00
Riviera, Personal
180,000.00
Salaries Expense
500,000.00
Salaries Payable
25,000.00
Service Fees
8,000,000.00
Supplies Expense
40,000.00
Taxes and Licenses
55,000.00
Unearned Service Fees
1,800,000.00
Unused Supplies
30,000.00
Utilities Expense
60,000.00
Transcribed Image Text:For Questions related to MoonRiver Logistics, refer to this given information. Accrued Service Fees 1,200,000.00 Additional Investments 300,000.00 Depreciation Expense 800,000.00 Gas and Oil 220,000.00 Insurance Expense 12,000.00 Prepaid Insurance 10,000.00 Rent Expense 240,000.00 Repairs and Maintenance 150,000.00 Riviera, Capital - Beginning 700,000.00 Riviera, Personal 180,000.00 Salaries Expense 500,000.00 Salaries Payable 25,000.00 Service Fees 8,000,000.00 Supplies Expense 40,000.00 Taxes and Licenses 55,000.00 Unearned Service Fees 1,800,000.00 Unused Supplies 30,000.00 Utilities Expense 60,000.00
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage