Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company completed the following transactions during the month of October: I. Purchased office supplies on account, $ 4,000 II. Provided services for cash, $

A company completed the following transactions during the month of October:

I. Purchased office supplies on account, $ 4,000

II. Provided services for cash, $ 25,000

III. Provided services on account, $ 34,000

IV. Collected cash from a customer on account, $ 31,000

V. Paid the monthly rent of, $ 4,000

What was the company's total revenue for the month?

A. $ 34,000

B. $ 90,000

C. $ 59,000

D. $ 25,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theory And Practice Of Australian Auditing

Authors: Schelluch Gul, Teoh, Andrew

1st Edition

0170092445, 978-0170092449

More Books

Students also viewed these Accounting questions

Question

Why do purchases appear as expenses on an income statement?

Answered: 1 week ago