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liberstina [14]
3 years ago
11

Smith Dentistry opened on June 1, 2016. The following transactions occurred during June

Business
1 answer:
Rudiy273 years ago
5 0

Answer:

The total revenue for the month of June is $22500. Option a is the correct answer.

Explanation:

The revenue will be calculated under the accrual basis of accounting which states that a period's revenue should match that period's expenses and these are to be recorded in their respective periods. Under this method, both the cash and the credit sales are recognized as revenue in the period to which they relate. The revenue for the month of June will be as follows,

Total Revenue = Cash sales + Credit sales

Total revenue = 8100 + 14400

Total revenue = $22500

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