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6. In January, Stephanie Menous placed an order for her wedding cake. Her wedding was on May 31 st. When Stephanie ordered the cake in
6. In January, Stephanie Menous placed an order for her wedding cake. Her wedding was on May 31 st. When Stephanie ordered the cake in January, Sunny asked for a deposit of $3,000. The cake cost a total of $12,000. Stephanie is going to pay the balance owed in June 2023. Record the sale of the cake on May 31st. 7. The Pasadena City Council ordered 7 dozen cookies for their council meeting on May 26th. Sunny charges $25.00 a dozen. Sunny still needs to bill the City Council for the cookies at the end of the month. Record the revenue from the cookies that has not been paid at May 31 st. 8. Sunny doesn't expect to have a great deal of profit her first year in business, but she does think she will owe at least some federal and state income tax. Her accountant has suggested that she accrue $100 per month for these taxes. Accrue her tax expense for May only
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