During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000,
Question:
During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000, and accrual basis net income was $21,000. There were no gains or losses during the month.
Required:
Calculate the revenues for Macon Co. for April.
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Calculation of Total Revenue Total Expenses Net income Particulars Amounts Total Expenses 78000 ...View the full answer
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Related Book For 
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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