Riley Incorporated reports the following amounts at the end of the year: $$\begin{array} { l r l r }
\text { Cash } & \$ 3,200 & \text { Service Revenue } & \$ 92,500 \
\text { Buildings } & 60,000 & \text { Salaries Expense } & 72,800 \
\text { Accounts Payable } & 8,500 & \text { Equipment } & 72,000 \
\text { Interest Expense } & 4,000 & \text { Supplies } & 6,400 \
\text { Advertising Expense } & 11,300 & \text { Notes payable } & 40,000
\end{array}$$

Question

Riley Incorporated reports the following amounts at the end of the year: $$\begin{array} { l r l r } 
\text { Cash } & \$ 3,200 & \text { Service Revenue } & \$ 92,500 \
\text { Buildings } & 60,000 & \text { Salaries Expense } & 72,800 \
\text { Accounts Payable } & 8,500 & \text { Equipment } & 72,000 \
\text { Interest Expense } & 4,000 & \text { Supplies } & 6,400 \
\text { Advertising Expense } & 11,300 & \text { Notes payable } & 40,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Riley Incorporated reports the following amounts at the end of the year: $$\begin{array} { l r l r } 
\text { Cash } & \$ 3,200 & \text { Service Revenue } & \$ 92,500 \
\text { Buildings } & 60,000 & \text { Salaries Expense } & 72,800 \
\text { Accounts Payable } & 8,500 & \text { Equipment } & 72,000 \
\text { Interest Expense } & 4,000 & \text { Supplies } & 6,400 \
\text { Advertising Expense } & 11,300 & \text { Notes payable } & 40,000
\end{array}$$

Riley Incorporated Reports the Following Amounts at the End of the Year