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Question - Markdown Dollar Store opened on January 1st. The initial investment was $10,000. The rent for the store is $2,000 per month. On January 1st Markdown Dollar Store paid the first and last month's rent. The shelves and other facilities were purchased for $5,000 in cash. Goods for resale were also purchased at a cost of $10,000, on credit, payable on February 15. Other expenses were $1,400 in January, all of which were paid for in cash. The sales were $12254 in cash and $2,000 on credit, which it is expected will be collected by the end of February. At the end of January, the inventory on hand had a cost of $7,000. Amortization on the shelves and other store fixtures is estimated at $100 for the month. Calculate the sales revenue for the month of January.
What is the balance in the common stock account after the purchases on January
In 2015, ABC Limited established and commenced operation of an Flower business in Suva. Record the harvesting of the agricultural produce
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