Question
Able Co. received $25,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At
Able Co. received $25,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 47% of the services were complete. What is the amount that should be reported as REVENUE on the INCOME STATEMENT for the month ended April related to this customer's work? Enter your response as a whole number, no commas and no dollar signs. Your Answer:
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Get StartedRecommended Textbook for
Financial Accounting: A Business Process Approach
Authors: Jane L. Reimers
3rd edition
978-013611539, 136115276, 013611539X, 978-0136115274
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