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Business
Accounting
of Swing Har

of Swing Har

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. If an expense is to be recognized in February, indicate the amount. Activity Amount a. Swing Hard paid $2,600 to its golf instructors for the month of February. b. Swing Hard paid $2,500 for electricity used in the month of January. c. Swing Hard received an electricity bill for $1,420 for the month of February, to be paid in March.
Transcribed Image Text:The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. If an expense is to be recognized in February, indicate the amount. Activity Amount a. Swing Hard paid $2,600 to its golf instructors for the month of February. b. Swing Hard paid $2,500 for electricity used in the month of January. c. Swing Hard received an electricity bill for $1,420 for the month of February, to be paid in March.
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