A company completed the following transactions during the month of October:
I. Purchased office supplies on account,$5,800.
II. Provided services for cash,$22,000.
III. Provided services on account,$33,000.
IV. Collected cash from a customer on account,$28,000.
V. Paid the monthly rent of $4,800.
What was the company's total revenue for the month?
A.$33,000
B.$83,000
C.$22,000
D.$55,000
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Debit | Credit | |
I. Purchased office supplies on account,$5,800. | Asset | Accounts Payable |
II. Provided services for cash,$22,000. | Cash | Revenue |
III. Provided services on account,$33,000. | Accounts Receivable | Revenue |
IV. Collected cash from a customer on account,$28,000. | Cash | Accounts Receivable |
V. Paid the monthly rent of $4,800. | Rent Expense | Cash |
Hence total Revenue is $22,000+$33,000= | D | $ 55,000 |
A company completed the following transactions during the month of October: I. Purchased office supplies on...
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