Question
[The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $83,010 in
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting; on December 3, the owner contributed $83,010 in assets in exchange for its common stock to launch the business. On December 31, the companys records show the following items and amounts.
Cash$ 14,890Cash dividends$ 930Accounts receivable12,820Consulting revenue12,820Office supplies2,290Rent expense2,530Land45,960Salaries expense5,780Office equipment16,900Telephone expense790Accounts payable7,670Miscellaneous expenses610Common stock83,010
What is revenue?
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Audit Management And Supervision Wiley Ronald Institute Of Internal Auditors Professional Book Series
Authors: Gil W. Courtemanch, Guilbert W. Courtemanche
1st Edition
0471625655, 978-0471625650
