For each of the following business, explain how a revenue journal might be modified for the specific business. 1. Jon's Auto Repair Business 2. Esquire Movie Theater 3. Beach Hut Snack Bar, Restaurant, and Lounge
Jon's Auto Repair Business might modify the revenue journal to include columns for each type of major repair services. In addition, columns for warranty repairs, credit card charges, and sales taxes may be added.
The Esquire Movie Theater might modify the revenue journal to include admissions, concessions, and game room revenues from video games in the lobby.
The Beach Hut Snack Bar, Restaurant, and Lounge might modify the revenue journal to include columns for snack bar sales, restaurant sales, and liquor sales in the lounge. In addition, columns for credit card charges and sales taxes may be added.
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Indicate whether the statement is true or false
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