Reference no: EM132860854
Question - Olivia's Apple Orchard had the following transactions during the month of September, the first month in business.
Transaction - Amount
Amount owed for land purchase - $51,000
Apple sales: cash - 3,100
Apple sales: credit - 6,500
Collections of credit sales - 4,500
Cash purchase of equipment - 11,000
Owner investments - 26,000
Wages expenses paid - 6,200
Fuel expenses paid - 400
Amount owed for utility expense - 1,300
Required - Determine the amount of revenue and expenses for Olivia's Apple Orchard for the month of September.
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