Calculate the total revenue for the month of February 2022, given the following transactions. 1 Credit sales

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Calculate the total revenue for the month of February 2022, given the following transactions.

1 Credit sales of $200 000 made in February; 40 per cent to be collected in February.

2 Cash sales of $160 000.

3 Received rental revenue of $9000 for the month of February.

4 Interest of $12 000 is credited to the company bank statement. It relates to interest earned for the six months from 1 August 2021 to 31 January 2022.

5 Received $40 000 as a deposit from a customer for a job to be carried out in March.

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Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

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Question Posted: Jul 26, 2024 10:01 AM

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Calculate the total revenue for the month of February 2022, given the following transactions. 1 Credit sales

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Fundamentals Of Accounting And Financial Management

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