Shake Ridge Co. opened a new business location on April 1. During April, Shake Ridge Co. sold
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Question:
Shake Ridge Co. opened a new business location on April 1. During April, Shake Ridge Co. sold $75,000 of copies for cash along with $140,000 of copies on account to customers. Payments collected from these customers amounted to $106,000 during April, with the balance to be collected during May. How much revenue should B&B. report on its April income statement?
A. $150,000
B. $430,000
C. $380,000
D. $530,000
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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