Answered step by step
Verified Expert Solution
Question
1 Approved Answer
80. Sophia is a self-employed accountant. John is a house painter. Both Sophia and John are members of a barter club. They agreed to exchange
80. Sophia is a self-employed accountant. John is a house painter. Both Sophia and John are members of a barter club. They agreed to exchange their services for payment. Sophia did the bookkeeping for John and John painted Sophia's house. Sophia usually charges $500 for the bookkeeping and John usually charges $600 for painting the house. During the year, Sophia had a cash income of $28,000, credit card income of $35,500. What amount are Sophia's gross receipts? a) $64,100 b) $63,500 C) $64,000 d) $36, 100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started