MegaTech Company has total monthly revenues of $325,000 and expenses of $198,000 for the month ended July
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Question:
b. Unbilled amounts to customers for July is $4,200.
c. Salaries earned by employees but not yet paid by MegaTech for the last week of July, $13,125.
d. Depreciation on equipment for July, $1,290.
e. Supplies used in July, $1,650.
f. Fees collected in advance from customers which have now been earned during July, $23,400.
Determine the profit of MegaTech for July after these adjustments are recorded.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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