In january 2013 a new consulting firm recorded the

Reference no: EM13587473

In January 2013, a new consulting firm recorded the following transactions:1. Issued stock to investors for $20,000 cash.2. Purchased $5,000 of equipment, paying 20% in cash and giving a promissory note for the balance.3. Received $9,000 in cash for consulting services performed in January.4. Bought $1,500 of supplies on account; all of the supplies were used in January.5. Provided consulting services for clients and billed them $16,000.6. Paid $750 toward the supplies purchased in #4.7. Paid $3,000 to employees for work performed in January.8. Received a bill for rent and utilities for January of $3,400. What is the amount of total revenue to be reported on the Income Statement for the month of January?

Reference no: EM13587473

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