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Question 9 The following balances were reported by Sparky Co. at December 31, 20x2 and 20x1: December 31, 20x2 December 31, 20x1 Inventory $60,000
Question 9 The following balances were reported by Sparky Co. at December 31, 20x2 and 20x1: December 31, 20x2 December 31, 20x1 Inventory $60,000 $90,000 Accounts Payable 75,000 50,000 Accrued Expenses 5,000 15,000 Accounts Receivable $89,250 $75,900 Unearned Revenues $10,100 $14,200 1 pts Sparky received cash from customers of $385,400 and paid suppliers, creditors & employees $290,000 during the year ended December 31, 20x2. What amount should Sparky report for Revenues on an accrual basis in 20x2? $435,000 $398,750 $402,850 $376,150
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