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The adjusted trial balances of Steinbeck Corporation at August ?31, 2021?, and August ?31, 2020?, include these amounts? (in millions):
ACCOUNT 2021 2020 Accounts receivable $500 $230prepaid insurance $310 $410Accrued liabilities payable(operating expense) $730 $660
Their transactions for the year ending August 31, 2012:Collections from customers- $20,800Payment of prepaid insurance $450Cash payment for other operating expenses $4500
Problem 1: What is their sales revenue for the year ending Aug. 31, 2021?
Problem 2: What is their insurance expense?
Problem 3: Operating expense?
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