A company completed the following transactions during the month of October: I. Purchased office supplies on account, $5600.
II. Provided services for cash, $22,000.
III. Provided services on account, $36,000.
IV. Collected cash from a customer on account, $27,000.
V. Paid the monthly rent of $3800.
What was the company's total revenue for the month?
A)$22,000
B)$36,000
C)$58,000
D)$85,000

Question

Quizplus · Accepted Answer

Total revenue includes both cash and credit services provided, which are $22,000 (cash) and $36,000 (on account), totaling $58,000.

A Company Completed the Following Transactions During the Month of October