Joan Colin an attorney bills her client at a rate of $100 perhour. At the begini

Question

Joan Colin an attorney bills her client at a rate of $100 perhour. At the begining of July clients owed her $ 8000 of which shecollected $5400 during the month . In July Joan billed clients for160 hours of work . By the end of July , 60 of these hours wereunpaid. Joan has one employess, Jon Hastings who is paid $20 per hour.During July, Jon worked 170 hours of which 16 hours will be paid inAugust . The rest was paid in July along with wages for * hoursworked the last day of June. Show calulations deternming for the month of july a.   amount of revenue earned b. wages expense incurred c. Cash recieved from clients d. Cash paid to Jon Hastings Joan Colin an attorney bills her client at a rate of $100 perhour. At the begining of July clients owed her $ 8000 of which shecollected $5400 during the month . In July Joan billed clients for160 hours of work . By the end of July , 60 of these hours wereunpaid. Joan has one employess, Jon Hastings who is paid $20 per hour.During July, Jon worked 170 hours of which 16 hours will be paid inAugust . The rest was paid in July along with wages for * hoursworked the last day of June. Show calulations deternming for the month of july a.   amount of revenue earned b. wages expense incurred c. Cash recieved from clients d. Cash paid to Jon Hastings

Explanation / Answer

A. Revenue earned 160 hrs * 100 = $ 16,000 B.Wages Expense    20 * 170 = $ 3,400 C. Cash received Beg.of July-                  $ 5,400 100hrs* $ 100 for current monthcollection                 10,000                                         15,400 D.Cash paid to Jon Hastings         June last day pmt 20 * 8= 160         July month pmt (20*154)= 3,080                                                   3,240

Related Questions

Navigate

• Browse (All)
• Browse J
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.