state whether you think a business would recognize the following as revenue.You should select yes or no. 1.Cash sales by a business totalling $20,000 2.Sale of excess equipment by a restaurant shown on the balance sheet as $500 and receiving $350 in cash 3.Hairdressing services for which clients paid cash of $120 4.Sale of goods on credit by a retailer for $180 5.A printer received $200 deposit on an order to print stationery for a client 6.A real estate business receives a $3,000 commission in advance of the sale of a house
state whether you think a business would recognize the following as revenue.You should select yes or no. 1.Cash sales by a business totalling $20,000 2.Sale of excess equipment by a restaurant shown on the balance sheet as $500 and receiving $350 in cash 3.Hairdressing services for which clients paid cash of $120 4.Sale of goods on credit by a retailer for $180 5.A printer received $200 deposit on an order to print stationery for a client 6.A real estate business receives a $3,000 commission in advance of the sale of a house
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PB: Hajun Company started its business on May 1, 2019. The following transactions occurred during the...
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state whether you think a business would recognize the following as revenue.You should select yes or no.
1.Cash sales by a business totalling $20,000
2.Sale of excess equipment by a restaurant shown on the balance sheet as $500 and receiving $350 in cash
3.Hairdressing services for which clients paid cash of $120
4.Sale of goods on credit by a retailer for $180
5.A printer received $200 deposit on an order to print stationery for a client
6.A real estate business receives a $3,000 commission in advance of the sale of a house
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