The following transactions are February 2014 activities of Swing Hard Incorporated, which offers indoor golfing lessons in
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Amount or Explanation Activity a. Swing Hard collected $15,000 from customers for lesson services given in February. b. Swing Hard sold a gift card for golf lessons for $150 cash in February. c. Swing Hard received $4,000 from services provided on account to customers in January. d. Swing Hard collected $2,250 in advance payments for services to start in June. e. Swing Hard bills a customer $125 for services provided between February 25 and February 28. The bill is to be paid in March.
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Amount of Revenue Earned in February a 15000 b No revenue earned in Febr...View the full answer
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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