Selected balances from the general ledger of the All Star Video Rentals on July 31, 2019, are listed below. Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended July 31, 2019. Accounts Receivable$12,500Sales Tax Payable1,475Sales32,500Sales Returns and Allowances3,100
What will be an ideal response?
ALL STAR VIDEO RENTALS Income Statement Month Ended July 31, 2019 | |
? | ? |
Revenue | ? |
Sales | $32,500 |
Less Sales Returns and Allowances | (3,100) |
Net Sales | $29,400 |
You might also like to view...
Although communicating negative organizational news can be challenging, such messages can have a positive effect in
a. showing management's display of respect for employees. b. providing an opportunity for management to build unity and trust. c. allowing employees to pose questions to management. d. All of the above.
Which of the following would be relevant in the marketing company era?
A. planning for five or more years ahead B. bringing all marketing activities together under the control of one department C. focusing on production D. reselling goods to consumers and intermediaries
For a real estate contract to be valid: A)?There must be a formal written agreement
B)?Both parties must sign. C)?It must be notarized. D)?None of the above
In Gilmer v. Interstate/Johnson Lane Corp the Supreme Court held that the securities broker should not litigate and is required to:? A) ?abide by the agreement
B) ?submit his letter of resignation. C) ?arbitrate. D) ?award back pay.