Question
Calculate the total revenue for the month of February 2019, given the following transactions.1Credit sales of $200 000 made in February; 50 per cent to
Calculate the total revenue for the month of February 2019, given the following transactions.1Credit sales of $200 000 made in February; 50 per cent to be collected in February.2Cash sales of $190 000.3Received rental revenue of $8000 for the month of February.4Interest of $12 000 is credited to the company bank statement. It relates to interest earned for the sixmonths from 1 August 2018 to 31 January 2019.5Received $20 000 as a deposit from a customer for a job to be carried out in March.
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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