On February 4, Hoosier Air collected $500 cash from the sale…
On February 4, Hoosier Air collected $500 cash from the sale of a ticket to a customer on January 26. -The flight took place on April 25. -The flight attendant who worked the April 25 flight was paid a $75 wage in May. Assume accrual basis.What are the total (1) Revenues and (2) Expenses that Hoosier Air will recognize in April?