Summarized operations for Carston Gardens for the month of July are as follows. Revenues recognized: for cash

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Summarized operations for Carston Gardens for the month of July are as follows.

Revenues recognized: for cash £30,000; on account £70,000.

Expenses incurred: for cash £26,000; on account £40,000.

Indicate for Carston Gardens

(a) The total revenues,

(b) The total expenses,

(c) Net income for the month of July.

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Financial Accounting with International Financial Reporting Standards

ISBN: 978-1119504306

4th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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