4D Given the following transactions, what is total revenue for 2022? (i) Received $50 000 from accounts
Question:
4D Given the following transactions, what is total revenue for 2022?
(i) Received $50 000 from accounts receivable in 2022, related to sales in 2021.
(ii) Cash sales of $200 000 in 2022.
(iii) Credit sales of $600 000 in 2022, of which $450 000 was received in 2022.
(iv) Received $70 000 deposit on a consulting job to start in 2023.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys
Question Posted: