Markdown Dollar Store opened on January 1st. The initial investment was $10,000. The rent for the...

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Markdown Dollar Store opened on January 1st. The initial investment was $10,000. The rent for the store is $2,000 per month. On January 1st Markdown Dollar Store paid the first and last month's rent. The shelves and other facilities were purchased for $5,000 in cash. Goods for resale were also purchased at a cost of $10,000, on credit, payable on February 15. Other expenses were $1,400 in January, all of which were paid for in cash. The sales were $12254 in cash and $2,000 on credit, which it is expected will be collected by the end of February. At the end of January, the inventory on. hand had a cost of $7,000. Amortization on the shelves and other store fixtures is estimated at $100 for the month. Calculate the sales revenue for the month of January. (Round your answer to the closest dollar) Markdown Dollar Store opened on January 1st. The initial investment was $10,000. The rent for the store is $2,000 per month. On January 1st Markdown Dollar Store paid the first and last month's rent. The shelves and other facilities were purchased for $5,000 in cash. Goods for resale were also purchased at a cost of $10,000, on credit, payable on February 15. Other expenses were $1,400 in January, all of which were paid for in cash. The sales were $12254 in cash and $2,000 on credit, which it is expected will be collected by the end of February. At the end of January, the inventory on. hand had a cost of $7,000. Amortization on the shelves and other store fixtures is estimated at $100 for the month. Calculate the sales revenue for the month of January. (Round your answer to the closest dollar)

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To calculate the sales revenue for the month of January we need to consider t... View the full answer