During the month of April, Riley Co. Had cash receipts from customers of $340,000. Expenses totaled $312,000 and accrual basis net income was...

. During the month of April, Riley Co. Had cash receipts from customers of $340,000. Expenses totaled $312,000 and accrual basis net income was $84,000. There were no gains or losses during the month.

1.      Calculate the revenues for Riley Co. for April

2.      Explain why cash receipts from customers can be different from revenues.