(Answered) Question - the smith company uses the cash basis of

Accounting

Question - The smith company uses the cash basis of accounting. Smith Company collected $700,000 from its customers during the year. Smith had $50,000 in Accounts Receivable at the beginning of the year, and $90,000 in accounts receivable at the end of the year. What is Smith's Sales Revenue under the accrual basis of accounting?

a. $660,000

b. $700,000

c. $740,000

d. $790,000

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