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Slippery Slope Resort ends its fiscal year on April 3 0 . The resort adjusts its accounts monthly but closes them only at year -

Slippery Slope Resort ends its fiscal year on April 30. The resort adjusts its accounts monthly but closes them only at year-end (April 30). The busy season is from December 1 through March 31.
Anita Powder, the resorts chief financial officer, keeps a close watch on Lift Ticket Revenue and Cash. The balances of these accounts at the end of each of the last five months are as follows:
Lift Ticket Revenue Cash
November 30 $ 50,000 $ 7,000
December 31360,00068,000
January 31740,00099,000
February 28920,000115,000
March 31960,000125,000
Ms. Powder prepares income statements and balance sheets for the resort. Assuming they are prepared for:
The month ended January 31.
Indicate what amount will be shown in the statements for Lift Ticket Revenue.
Indicate what amount will be shown in the statements for Cash.
The entire busy season to datethat is, December 1 through March 31.
Indicate what amount will be shown in the statements for Lift Ticket Revenue.
Indicate what amount will be shown in the statements for Cash.

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