Question
Alyssa Mohr Enterprise (AME) has the following transactions: A. The business is started by receiving cash from an investor in exchange for common stock $10,000.
Alyssa Mohr Enterprise (AME) has the following transactions:
A. The business is started by receiving cash from an investor in exchange for common stock $10,000. B. Rent of $1,250 is paid for the first month. C. Office supplies are purchased for $375. D. Services worth $3,450 are performed. Cash is received for half. E. Customers pay $1,250 for services to be performed next month. F. $6,000 is paid for a one year insurance policy. G. We receive 25% of the money owed by customers in "D". H. A customer has placed an order for $475 of services to be done this coming week.
How much total revenue does AME have?
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Financial and Managerial Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
11th Edition
9780538480901, 9781111525774, 538480890, 538480904, 1111525773, 978-0538480895
