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d is 30000 A business opened on June 1, 2016. The following transactions occurred during 1. Issued common stock to owners in exchange for $24,000
d is 30000
A business opened on June 1, 2016. The following transactions occurred during 1. Issued common stock to owners in exchange for $24,000 cash. 2. Purchased $6,000 of equipment, paying $1,200 cash and signing a promissory note for $4,800. 3. Received $10,800 in cash for services performed in June. 4. Purchased $1,800 of supplies on account; all of the supplies were used in June. 5. Provided services on account in the amount of $19,200. 6. Paid $900 on account. 7. Paid $3,600 to employees for work performed during June. 8. Received a bill for utilities for June of $4,100; the bill remains unpaid. What is the amount of total revenue to be reported on the income statement for the month of June? Multiple Choice $34,800 $54,000 $10,800 Step by Step Solution
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