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BE18.11 (LO 2, 3) Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sell- ers then pays the telecommunications company, TeleExpress, for the
BE18.11 (LO 2, 3) Telephone Sellers Inc. sells prepaid telephone cards to customers. Telephone Sell- ers then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the prepaid telephone cards. Assume that Telephone Sellers sells $4,000 of prepaid cards in January 2020. It then pays TeleExpress based on usage, which turns out to be 50% in February, 30% in March, and 20% in April. The total payment by Telephone Sellers for TeleExpress lines over the 3 months is $3,000. Indicate how much income Telephone Sellers should recognize in January, February, March, and April. Kindly answer replacing the zeros by the correct numbers: January income........ February income ($0 X .0 X.0). March income ($0 X .0 X.0).. April income ($0 X.0 X.0). $ 0 $0 $0 $0
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