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for each of the 5 transation, state whether the transaction represented revenue to the firm during the month of May. could you give me the reason for your decision in each case.

for each of the 5 transation, state whether the transaction represented revenue to the firm during the month of May. could you give me the reason for your decision in each case.

for each of the 5 transation, state whether  the transaction represented revenue to the firm during the month of May. could you give me the reason for your decision in each case.

a. the firm received $300,000 cash by using additional share of capital

b. Collected cash of $25,000 fom account receivable. The receivable originated in April from services rendered to a client.

c. Borrowed $60,000 from Century Bank to be repaid in three months.

d. Earneds $250 interest on a company of saving account during the month of May. No withdrawals were made from this account in May.

e. Completed plans for a guesthouse, pool, and spa for a client. The $7,000 fee for this project was billed to the client in May,  but will not be collected until June 25.

 
manish jayant 10-Sep-2020

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