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. $\begin{array}{lr}\text { Service sales charged to customers on account during September}& \$ 33,000 \\ \text { Cash received from cash customers for services performed in September}& 28,000\\ \text { Cash received from customers on account during September:}\\\text { Services performed and charged to customers prior to September } & 13,000 \\\text { Services performed and charged to customers during September } & 18,000 \\\text { Expenses incurred prior to September and paid during September } & 6,500 \\\text { Expenses incurred and paid in September } & 36,250\\\text { Expenses incurred in September but not paid in September}&5,000\\\text { Expenses for supplies used and insurance (not included above)}\\\text { applicable to September}&2,000\end{array}$

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Definitions:

Pregnancy

The condition of carrying one or more embryos or fetuses in the womb, typically lasting about nine months in humans.

Weight Gain

An increase in body weight. This can be a result of muscle mass increase, fat deposits, or fluid retention.

Teratogen

A substance, agent, or process that can cause developmental malformations in an embryo or fetus.

Arms and Legs

Extremities of the human body, where arms are the upper limbs involving the shoulders to the hands, and legs are the lower limbs extending from the hips to the feet.