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
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 1through March 31. Anita Powder, the resort's 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 Rewvenue Cash November 3@ % 29,008 % 7,008 December 31 198,088 63,0889 January 31 688,008 87,088 February 28 398,088 186,888 March 31 588,008 148,308 Ms. Powder prepares income statements and balance sheets for the resort. Assuming they are prepared for: a. The month ended January 31. 1. Indicate what amount will be shown in the statements for Lift Ticket Revenue. 2. Indicate what amount will be shown in the statements for Cash. k. The entire busy season to datethat is, December 1 through March 31. 1. Indicate what amount will be shown in the statements for Lift Ticket Revenue. 2. Indicate what amount will be shown in the statements for Cash. . In terms of Lift Ticket Revenue and increases in Cash, which has been the resort's best month? Complete this question by entering your answers in the tabs below. Reg Al Req A2 Req B1 Reqg B2 Req C Indicate what amount will be shown in the statements for Lift Ticket Revenue
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