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The following financial statements were prepared at the end of the month of May: TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May

The following financial statements were prepared at the end of the month of May:

TOPS IN TOPIARY - INCOME STATEMENT FOR the month of May

Revenue $ 2,540
Expenses:
Rent Expense $ 500
Advertising Expense $ 500
Wages Expense $ 200 $ 1,200
Net Income $ 1,340

TOPS IN TOPIARY - STATEMENT OF OWNER'S EQUITY FOR the month of MAY

Owner's Equity at May 1 $ 0
plus: Investment 2,000
plus: Net Income 1,340
less: Withdrawals 0
Owner's Equity at May 31 $ 3,340

TOPS IN TOPIARY - BALANCE SHEET AS OF MAY 31

ASSETS LIABILITES AND OWNER'S EQUITY
Current Assets: Current Liabilities:
Cash $ 1,380 Accounts Payable $ 300
Accounts Receivable $ 1,500 Advertising Payable $ 500
Prepaid Rent $ 500 Advances from Customers $ 200
Prepaid Advertising $ 500
Supplies $ 100
Equipment $ 360 Owner's Equity $ 3,340
Total Assets $ 4,340 Total Liabilities & OE $ 4,340

During June the following transactions occurred:

1) Completed a job for which the customer paid $200 in June. The invoice is for $1,000.

2) Hire a helper and paid $200 for works done.

3) Paid $500 for the rent of July.

4) Purchased supplies for $300. At the end of June notices that there are $200 of supplies left.

5) Orders new flyers for advertising. They will be ready in July but the printer asked to be paid in advance $100.

6) In June collected in cash $3,000 for 3 jobs done for a total of $4,200, the rest is owed in account by the customers.

7) In June decided to start depreciating the equipment bought for $360 that is expected to last for 3 years.

Prepare "T" Accounts in CASH Basis for the period ended on June 30th and then answer the questions (proof of cash).

At the end of the accounting period (June 30th), what is the total of Revenues?

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