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X Company is a service company and prepares monthly financial statements. In March, it billed customers $407,000 for services it provided; in April, it billed
X Company is a service company and prepares monthly financial statements. In March, it billed customers $407,000 for services it provided; in April, it billed customers $362,000 for services it provided. In April, the company received $284,000 from its March customers and $251,000 from its April customers. Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? O Income Statement, $362,000; Statement of Cash Flows, $535,000 O Income Statement, $535,000; Statement of Cash Flows, $769,000 O both statements, $362,000 O Income Statement, $535,000; Statement of Cash Flows, $362,000 O both statements, $251,000 O Income Statement, $769,000; Statement of Cash Flows, $535,000
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