Public Relations Inc managed a grand opening party on behalf
Public Relations, Inc., managed a grand opening party on behalf of a new restaurant on April 15, 2009. Public Relations charged the restaurant $2,100. The restaurant paid for $1,800 of the bill from Public Relations, Inc., on April 20, 2009. The remaining balance was paid on May 5, 2009. How did these transactions affect Public Relations’ income statement for the month of April and the balance sheet at April 30, 2009?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help