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QUESTION
Duplicating Co. opened a new business location on April 1. During April, Duplicating Co. sold $75,000 of copies for cash along with $140,000 of...
Duplicating Co. opened a new business location on April 1. During April, Duplicating Co. sold $75,000 of copies for cash along with $140,000 of copies on account to customers. Payments collected from these customers amounted to $106,000 during April, with the balance to be collected during May. How much revenue should Duplicating Co. report on its April income statement?
A) $75,000
B) $215,000
C) $181,000
D) $296,000
