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Selected balances from the general ledger of the All Star Video Rentals on July 31, 2013, are listed below. Use the appropriate data to prepare the Revenue section of the firm's income statement for the month ended July 31, 2013.
Monarch
A sovereign head of state, especially a king, queen, or emperor, who typically inherits the position by birth.
Republic
A form of government in which power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch.
Referendum
A direct vote by the electorate on a specific question, proposal, or issue, often used to make decisions on legislative amendments or policy changes.
Fiscal Year
A one-year period used for accounting and financial purposes, which may or may not align with the calendar year.
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