A company completed the following transactions during the month of October: I. Purchased office supplies on account, $4,000.
II. Provided services for cash, $10,000.
III. Provided services on account, $12,000.
IV. Collected cash from a customer on account $7,000.
V. Paid the monthly rent of $3,000.
What was the company's total revenue for the month?
A) $10,000
B) $22,000
C) $29,000
D) $36,000

Question

Quizplus · Accepted Answer

The company's total revenue for the month includes cash services provided ($10,000) and services provided on account ($12,000), totaling $22,000.

A Company Completed the Following Transactions During the Month of October