Skysong Inc. sells prepaid telephone cards to customers. Skysong then pays the telecommunications company, TeleExpress,...
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Accounting
Skysong Inc. sells prepaid telephone cards to customers. Skysong then pays the telecommunications company, TeleExpress, for the actual use of its telephone lines related to the prepaid telephone cards. Assume that Skysong sells $3,700 of prepaid cards in January 2020. It then pays TeleExpress based on usage, which turns out to be 50% in February, 30% in March, and 20% in April. The total payment by Skysong for TeleExpress lines over the 3 months is $2,980. Indicate how much income Skysong should recognize in January, February, March, and April. (If answer is 0, please enter 0. Do not leave any fields blank.)
January income | $enter a dollar amount | |
---|---|---|
February income | $enter a dollar amount | |
March income | $enter a dollar amount | |
April income |
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