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, $21,000.

image text in transcribed

A company completed the following transactions during the month of October: I. Purchased office supplies on account, $4,000. II. Provided services for cash, $21,000. III. Provided services on account, $34,000. IV. Collected cash from a customer on account, $31,000. V. Paid the monthly rent of $3,600. What was the company's total revenue for the month? OA. $86,000 OB. $55,000 OC. $34,000 OD. $21,000

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_2

Step: 3

blur-text-image_3

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

Financial Reporting & Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

11th edition

324657420, 978-0324657425

More Books

Students also viewed these Accounting questions