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Company A had $3000 in cash sales and $7000 in credit sales to be paid off at a later date. They paid $1000 of their
Company A had $3000 in cash sales and $7000 in credit sales to be paid off at a later date. They paid $1000 of their expenses in cash and charged $2000 of their expenses. Find the four correct answers.
They have $10, 000 in revenue using accrual accounting. | ||
They have $3000 in expenses using accrual accounting. | ||
They have $2000 in profit using cash accounting. | ||
They have $3000 in expenses using cash accounting. | ||
They have $7000 in profit using accrual accounting. | ||
They have $10,000 in revenue using cash accounting. |
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