Sally's Choice sells season memberships for $200 each. During January of 2016, 60 season memberships were sold. As of March 31, 2016, only $3,000 of season membership fees had been collected from customers. The season runs for 4 months starting May 15, 2016. 

What is an amount reported on the financial statements for the period ending March 31, 2016?

Answer rating: 100% (QA)

The amount reported on the financial statements for the period ending March 31 2016 would include th... View the full answer