tvlaptop
Sep 22, 2007, 06:02 PM
Help me with this question also,
The following transactions were extracted from the accounting records of a Corporation:
Borrowed $150,000 from a bank.
Collected $30,000 from a sale made in March.
Sold $35,000 in cash and $65,000 on account.
company's revenues for the month of April were:
a. $280,000
b. $215,000
c. $100,000
d. $130,000
e. $245,000
I think the answer is c . Is this correct?
Thanks a lot
The following transactions were extracted from the accounting records of a Corporation:
Borrowed $150,000 from a bank.
Collected $30,000 from a sale made in March.
Sold $35,000 in cash and $65,000 on account.
company's revenues for the month of April were:
a. $280,000
b. $215,000
c. $100,000
d. $130,000
e. $245,000
I think the answer is c . Is this correct?
Thanks a lot