Calculate the total revenue for the month of February 2016, given the following transactions. 1. Credit sales
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Calculate the total revenue for the month of February 2016, given the following transactions.
1. Credit sales of $100 000 made in February; 50 per cent to be collected in February.
2. Cash sales of $150 000.
3. Received rental revenue of $5000 for the month of February.
4. Interest of $8000 is credited to the company bank statement. It relates to interest earned for the six months from 1 August 2015 to 31 January 2016.
5. Received $10 000 as a deposit from a customer for a job to be carried out in March.
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170349680
6th Edition
Authors: Ken Trotman, Michael Gibbins, Elizabeth Carson
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