Answer:
The total revenue for membership fees is $10,000.00
Explanation:
As per given data
Revenue:
Membership Fees Revenue 10,000.00
Rental Revenue _________3,000.00
Instruction Revenue ______4,000.00
Total Revenue __________17,000.00
Expenses:
Advertising Expense _____3,000.00
Rent Expense __________4,000.00
Utilities Expense ________1,000.00
Total Expenses _________8,000.00
______________________________
Net Income ____________9,000.00
_______________________________
Net Income is calculated as follow
Net Income = Total revenue - Total Expenses = 17,000.00 - 8,000.00 = 9,000.00
Total revenue for the membership fee is in the revenue section and it is 10,000.00 only.
