Bob started a B&B business on the first day of March. He sold 10 rooms in...
Bob started a B&B business on the first day of March. He sold 10 rooms in March and earned $150 for each room. When Bob prepares his first monthly income statement, how much will the statement show for revenue for the month ended March 31?
Homework Answers
Revenue for the month ended March 31 = Rooms sold* amount for each room
= 10*150
= $1500
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