During 2019, Sigma Company earned service revenue amounting to $700,000, of which $630,000 was collected in cash the balance will be collected in January, 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $10,000. What amount should the 2019 income statement report for service revenue? 

Multiple Choice 

$630,000 

$570,000 

$700,000 

$70,000

Answer rating: 100% (QA)

The correct answer 700000 Assumi... View the full answer