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Additionally, Data shares that for the twelve months ended 12/31/2018 the company declared $21,000 of dividends and incurred $345,000 of expense. There were no capital
Additionally, Data shares that for the twelve months ended 12/31/2018 the company declared $21,000 of dividends and incurred $345,000 of expense. There were no capital contributions made by owners during this time. How much revenue did Data report for the twelve months ended 12/31/2018?
Data Company provides you with the following list of normal account balances reported by the company at 12/31/2017 & 12/31/2018. 12/31/2017 12/31/2018 Accounts Payable $9,000 $11,000 Accounts Receivable 27,000 32,000 Accumulated Depreciation 12,000 15,000 Allowance for Doubtful Accounts 2,000 1,000 Cash 33,000 37,000 Equipment 50,000 50,000 Merchandise Inventory 12,000 15,000 Office Supplies 2,000 3,000 Prepaid Insurance Expense 12,000 14,000 Rent Payable 2,000 3,000 Salary Payable 4,000 2,000 Unearned Revenue 5,000 3,000 Additionally, Data shares that for the twelve months ended 12/31/2018 the company declared $21,000 of dividends and incurred $345,000 of expense. There were no capital contributions made by owners during this time. How much revenue did Data report for the twelve months ended 12/31/2018? O A. $359,000 OB. None of the answer choices provided are correct. o C. $378,000 D. $384 000Step by Step Solution
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