Question
Assume that the budget has been approved, and it is now the middle of November. The entertainment group has confirmed that they will donate the
Assume that the budget has been approved, and it is now the middle of November. The entertainment group has confirmed that they will donate the remaining $2000 to charity. The current expenses and fund collection by ticket sale are as provided below:
Please see the below expense report source:
| Expense | Amount $ | Comments |
| September | ||
| Consultant fees | 2,000.00 | 1st Instalment |
| Stage and Lighting hire | 2,500.00 | Booked |
| Hire Audio-visual equipment | 1,500.00 | Booked |
| Room decorations | 500.00 | Booked |
| Advertising | 500.00 | |
| Printing | 95.00 | |
| Venue hire | 1,000.00 | Booked |
| Labour | 2,000.00 | Booked |
| October | ||
| Advertising | 1,000.00 | |
| Printing | 450.00 | |
| Entertainment | 1,500.00 | Booked |
| November | ||
| Advertising | 500.00 | |
| Postage/stationery | 301.50 | |
| Communication | 300.00 | |
| Revenue: ticket sales | ||
| October | 34,000.00 | 170 tickets sold |
| November | 30,000.00 | 150 tickets sold |
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
Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
