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On June 28, Richard Price provided consulting services to Waterway Company. Price billed Waterway on July 2 for $810 related to these services. On July
On June 28, Richard Price provided consulting services to Waterway Company. Price billed Waterway on July 2 for $810 related to these services. On July 5, Waterway paid the invoice in full. Prices only cost related to this sale was $270 in Salaries Expense. Prices paid the salaries on July 3. Assuming Prices company has a June 30 year end, the companys profit for the Waterways job on the June 30 financial statements should be
$270.
0.
$810.
$540.
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