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Unformatted text preview: have had to purchase four new tanning bulbs, a new dryer and pay a utility bill. Since these expenses had not occurred at the beginning of the month, they had not been figured into the ending month statement. This salon also had six people sign up for monthly memberships. The company must now adjust all entries to show revenue (new memberships) and expenses (bulbs, dryer and utility bill), so that the ending balance sheet is brought current. This calculation is the only way this company is able to state what truly occurred financially during that period....
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This note was uploaded on 04/06/2011 for the course ACC 300 taught by Professor Barga during the Spring '11 term at St. Leo.
- Spring '11