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
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
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Answer D 530000 Total Sales Cash sale...
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
