Problemduring the month of april riley co had cash receipts, Ask an Expert

Accounting

Problem:

During the month of April, Riley Co. had cash receipts from customers of $680,000. Expenses totaled $624,000, and accrual basis net income was $168,000. There were no gains or losses during the month.

Required:

Question 1: Calculate the revenues for Riley Co. for April.

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163882

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