Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sold land for $35,000 cash (the land originally was purchased for $30,000). Did excavating work for a customer, on account, for $28,000. Received $30,000 cash

image text in transcribed
Sold land for $35,000 cash (the land originally was purchased for $30,000). Did excavating work for a customer, on account, for $28,000. Received $30,000 cash from a bank loan. What is the $ amount of revenue from these facts? Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Unclaimed Property A Reporting Process And Audit Survival Guide

Authors: Tracey L. Reid

1st Edition

0470278242, 978-0470278246

More Books

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago

Question

2. What efforts are countries making to reverse the brain drain?

Answered: 1 week ago