During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000,

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During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000, and accrual basis net income was $21,000. There were no gains or losses during the month.

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Calculate the revenues for Macon Co. for April.

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Accounting What the Numbers Mean

ISBN: 978-0073527062

9th Edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

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Question Posted: Aug 26, 2013 07:03 AM

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During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000,

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Calculation of Total Revenue Total Expenses Net income Particulars Amounts Total Expenses 78000 ...View the full answer

Accounting What the Numbers Mean

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