Selected Transaction Data of a Business for September Are Summarized

question 185

Essay

Selected transaction data of a business for September are summarized below. Determine the following amounts for September: (a) total revenue, (b) total expenses, (c) net income. $\begin{array}{lr}\text { Service sales charged to customers on account during September}& \$ 33,000 \\ \text { Cash received from cash customers for services performed in September}& 28,000\\ \text { Cash received from customers on account during September:}\\\text { Services performed and charged to customers prior to September } & 13,000 \\\text { Services performed and charged to customers during September } & 18,000 \\\text { Expenses incurred prior to September and paid during September } & 6,500 \\\text { Expenses incurred and paid in September } & 36,250\\\text { Expenses incurred in September but not paid in September}&5,000\\\text { Expenses for supplies used and insurance (not included above)}\\\text { applicable to September}&2,000\end{array}$

---

Definitions:

Personal Control

The extent to which an individual feels they can influence or shape the outcomes in their life.

Socially Expected

Behaviors or norms that are anticipated and considered appropriate within a given society or cultural context.

Normative Social Influence

The force exerted by others that prompts us to align our actions to be cherished and welcomed by them.

Asch's Line-Judgment Experiment

A study on conformity that demonstrated the power of social pressure on individuals to conform to an incorrect majority view.