The following information pertains to results obtained during the month of October 20X9 for Hawkins Hearing Center:
Of the gross sales,$245,000 were sales made to customers who used their bank cards.The bank card company charged Hawkins Hearing Center a 3% fee.
Prepare the revenue section of the income statement for Hawkins Hearing Center for the month ended October 31,20X9.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q47: Net sales is equal to total sales
Q48: Axle Motors Inc.has a December 31 year-end.On
Q49: The credit terms 2/4,n/30 means that the
Q50: Which of the following statements associated with
Q51: If a company normally sells merchandise for
Q53: Axle Motors Inc.has a December 31
Q54: Retailers accept bank cards such as VISA
Q55: Companies should always take advantage of cash
Q56: Brandon Corporation generated $98,000 in credit sales
Q57: The credit terms 2/10,n/30 means that the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents