Selected Transaction Data of a Business for September Are Summarized

Essay

Selected transaction data of a business for September are summarized below. Determine the following amounts for September: (a) total revenue, (b) total expenses, (c) net income. $\begin{array}{lr}\text { Service sales charged to customers on account during September}& \$ 33,000 \\ \text { Cash received from cash customers for services performed in September}& 28,000\\ \text { Cash received from customers on account during September:}\\\text { Services performed and charged to customers prior to September } & 13,000 \\\text { Services performed and charged to customers during September } & 18,000 \\\text { Expenses incurred prior to September and paid during September } & 6,500 \\\text { Expenses incurred and paid in September } & 36,250\\\text { Expenses incurred in September but not paid in September}&5,000\\\text { Expenses for supplies used and insurance (not included above)}\\\text { applicable to September}&2,000\end{array}$