Victory Corporation complete these transactions (in millions) during the year ended August 31, 2021.
The adjusted trial balances of Victory Corporation at August 31, 2021, and August 31, 2020, include these amounts (in millions):
Trial balance amounts
2018 2017
Accounts receivable $490 290
Prepaid insurance 400 420
Accrued liabilities payable
(for other operating expenses) 800 420 620
Transactions
Collections from customers $ 20,600
Payment of prepaid insurance 440
Cash payments for other operating expenses 4,400
Read the requirement.
The sales revenue for the year ended August 31, 2018 is $.
The insurance expense for the year ended August 31, 2018 is $.
Answers: 2
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Victory Corporation complete these transactions (in millions) during the year ended August 31, 2021....
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