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During 2019, a company earned service revenue amounting to $900,000, of which $695.000 was collected in cash the balance will be collected in January 2020.
During 2019, a company earned service revenue amounting to $900,000, of which $695.000 was collected in cash the balance will be collected in January 2020. Also in 2019, there were collections of cash prior to the delivery of goods/services totaling $8,300 What amount should the 2019 income statement report for service revenue? Multiple Choice $770,000 O $900.000 $695.000 o $205.000
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