Business, 15.02.2021 20:10 barstr9146
The following transactions are February activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States.
a. Swing Hard collected $17,800 from customers for lesson services provided in February.
b. Swing Hard sold a gift card for golf lessons for $105 cash in February.
c. Swing Hard received $4,400 from credit sales made to customers in January.
d. Swing Hard collected $4,100 in advance payments for golf lessons to start in June.
e. Swing Hard billed a customer $135 for services provided between February 25 and February 28. The bill is to be paid in March.
f. Swing Hard paid $5,100 for wages to its golf instructors for the month of February.
g. Swing Hard paid $1,800 for electricity used in the month of January.
h. Swing Hard received an electricity bill for $880 for the month of February, to be paid in March.
Required:
Prepare an income statement for Swing Hard Incorporated for the month ended February 28.
Answers: 1
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The following transactions are February activities of Swing Hard Incorporated, which offers golfing...
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