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Presented here are the accounts of Quick and EZ Delivery for the year ended December 31, 2018. Data Table E (Click the icon to view the accounts.) Land %24 10,000 Owner contribution, 2018 $ 34,000 Income Statement Notes Payable 27,000 Accounts Payable 10,000 Revenues: Property Tax Expense 2,700 Accounts Receivable 1,300 Service Revenue Howe, Withdrawals 36,000 Advertising Expense 13,000 136,200 Expenses: Salaries Payable Interest Expense Insurance Expense - Rent Expense Rent Expense 11,000 Building 6 200 Salaries Expense 61,000 Cash 2,600 6600 Salaries Payable 800 Equipment 15,000 2400 Service Revenue 190,000 Insurance Expense 2,400 11000 Office Supplies 15,000 Interest Expense 6,600 2700 Howe, Capital, Dec. 31, 2017 51,000 Property Tax Expense Advertising Expense 13000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

Presented here are the accounts of Quick and EZ Delivery for the year ended December 31, 2018. Data Table E (Click the icon to view the accounts.) Land %24 10,000 Owner contribution, 2018 $ 34,000 Income Statement Notes Payable 27,000 Accounts Payable 10,000 Revenues: Property Tax Expense 2,700 Accounts Receivable 1,300 Service Revenue Howe, Withdrawals 36,000 Advertising Expense 13,000 136,200 Expenses: Salaries Payable Interest Expense Insurance Expense - Rent Expense Rent Expense 11,000 Building 6 200 Salaries Expense 61,000 Cash 2,600 6600 Salaries Payable 800 Equipment 15,000 2400 Service Revenue 190,000 Insurance Expense 2,400 11000 Office Supplies 15,000 Interest Expense 6,600 2700 Howe, Capital, Dec. 31, 2017 51,000 Property Tax Expense Advertising Expense 13000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Looking at the photo attached, am I doing this problem correct? If so, how can I calculate the service revenue?

Presented here are the accounts of Quick and EZ Delivery for the year ended December 31, 2018. Data Table E (Click the icon to view the accounts.) Land %24 10,000 Owner contribution, 2018 $ 34,000 Income Statement Notes Payable 27,000 Accounts Payable 10,000 Revenues: Property Tax Expense 2,700 Accounts Receivable 1,300 Service Revenue Howe, Withdrawals 36,000 Advertising Expense 13,000 136,200 Expenses: Salaries Payable Interest Expense Insurance Expense - Rent Expense Rent Expense 11,000 Building 6 200 Salaries Expense 61,000 Cash 2,600 6600 Salaries Payable 800 Equipment 15,000 2400 Service Revenue 190,000 Insurance Expense 2,400 11000 Office Supplies 15,000 Interest Expense 6,600 2700 Howe, Capital, Dec. 31, 2017 51,000 Property Tax Expense Advertising Expense 13000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.
Transcribed Image Text:Presented here are the accounts of Quick and EZ Delivery for the year ended December 31, 2018. Data Table E (Click the icon to view the accounts.) Land %24 10,000 Owner contribution, 2018 $ 34,000 Income Statement Notes Payable 27,000 Accounts Payable 10,000 Revenues: Property Tax Expense 2,700 Accounts Receivable 1,300 Service Revenue Howe, Withdrawals 36,000 Advertising Expense 13,000 136,200 Expenses: Salaries Payable Interest Expense Insurance Expense - Rent Expense Rent Expense 11,000 Building 6 200 Salaries Expense 61,000 Cash 2,600 6600 Salaries Payable 800 Equipment 15,000 2400 Service Revenue 190,000 Insurance Expense 2,400 11000 Office Supplies 15,000 Interest Expense 6,600 2700 Howe, Capital, Dec. 31, 2017 51,000 Property Tax Expense Advertising Expense 13000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer.
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