Question
Company X recognizes revenues of $29,000 and expenses of $14,000 during the month of January, and revenues of $24,000 and expenses of $12,000 in February.
Company X recognizes revenues of $29,000 and expenses of $14,000 during the month of January, and revenues of $24,000 and expenses of $12,000 in February. Company X makes closing entries at the end of each month.
What is the balance of company X's revenue account at the end of Feb, before closing entries?
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Understanding And Auditing IT Systems Volume 2
Authors: Young-Woon Min
2nd Edition
1257758837, 978-1257758838
