Purchased inflatable rides and inflation equipment on June 2 , paying

$30,450

cash.\ Received

$7,200

cash from casual hourly rentals at the mall on June 3.\ Rented rides and equipment to customers for

$12,550

. Received cash of

$3,600

on June 4 and the rest is due

f

Received

$3,900

from a large corporate customer on June 5 as a deposit on a party booking for July 4 .\ f. Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account\ On June 7 , paid

$8,350

in cash for renting equipment that was used and returned during the first week of this

m

\ . On June 8, prepaid next month's mall space rental charge of

$8,350

.\ i. Received

$2,750

on June 9 from customers on accounts receivable.\ j. Paid

$1,400

for running a television ad on June 10.\ k. Paid

$4,400

in wages to employees on June 30 for work done during the month.\ \\\\table[[Requirement,\\\\table[[General],[Journal]],\\\\table[[General],[Ledger]],Trial Balance Analysis]]\ Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net profit margin. (Round your Net Profit Margin answer to 1 decimal place.)\ Preliminary Net Income\ Net Profit Margin\

%

\ Determine whether the net profit margin is better or worse than the 30.0 ptrcent earned by a close competitor.

Purchased inflatable rides and inflation equipment on June 2 , paying $30,450 cash. Received $7,200 cash from casual hourly rentals at the mall on June 3 . Rented rides and equipment to customers for $12,550. Received cash of $3,600 on June 4 and the rest is due Received $3,900 from a large corporate customer on June 5 as a deposit on a party booking for July 4 . Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account - On June 7, paid $8,350 in cash for renting equipment that was used and returned during the first week of this m On June 8, prepaid next month's mall space rental charge of $8,350. . Received $2,750 on June 9 from customers on accounts receivable. . Paid $1,400 for running a television ad on June 10. . Paid $4,400 in wages to employees on June 30 for work done during the month. Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net profit margin. (Round your Net Profit Margin answer to 1 decimal place.) Determine whether the net profit margin is better or worse than the 30.0 purcent earned by a close competitor