During 2022, Sigma Company earned service revenue amounting to $840,000, of which $665,000 was collected in...

 

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During 2022, Sigma Company earned service revenue amounting to $840,000, of which $665,000 was collected in cash; the balance will be collected in January, 2023. Also in 2022. there were collections of cash prior to the delivery of goods/services totaling $9,000. What amount should the 2022 income statement report for service revenue? During 2022, Sigma Company earned service revenue amounting to $840,000, of which $665,000 was collected in cash; the balance will be collected in January, 2023. Also in 2022. there were collections of cash prior to the delivery of goods/services totaling $9,000. What amount should the 2022 income statement report for service revenue?

Answer rating: 100% (QA)

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