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

Show answers

Another question on Business

Business, 21.06.2019 13:30

When calculating the bountiful returns that retirees allegedly would glean from stock investments, privateers use rosy projections about a continually booming market. but when predicting bankruptcy for social security, they switch to pessimistic projections of a low-growth economy with abnormally low payments into the fund. in fact, far from going broke, social security produces enormous surpluses. from __ to americans paid more in social security taxes than were paid out in benefits. according to the congressional budget office, the social security trust fund will remain solvent until at least social security is the only federal program that produces about $150 billion yearly surplus, the only program that shows every sign of being selfsupporting and solvent for over thirty years to come yet is repeatedly described by its enemies as being in danger of insolvency?

Answers: 2

Answer

Business, 21.06.2019 22:00

The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?

Answers: 1

Answer

Business, 22.06.2019 11:30

Amano s preguntes cationing to come fonds and consumer good 8. why did the u.s. government use rationing for some foods and consumer goods during world war ii?

Answers: 1

Answer

Business, 22.06.2019 15:20

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is

Answers: 2

Answer

You know the right answer?

The following transactions are February activities of Swing Hard Incorporated, which offers golfing...

Questions