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An entity had cash receipts from sales of $175,000 during 20X4, of which $30,000 was unearned at the end of 20X4. At the end of 20x3 the company had $40,000 of unearned revenue, all of which was earned in 20X4. The company's sales revenue for 20X4 would be $145,000 $165,000 $175,000 $185,000

An entity had cash receipts from sales of $175,000 during 20X4, of which $30,000 was unearned at the end of 20X4. At the end of 20x3 the company had $40,000 of unearned revenue, all of which was earned in 20X4. The company's sales revenue for 20X4 would be $145,000 $165,000 $175,000 $185,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An entity had cash receipts from sales of $175,000 during 20X4, of which $30,000 was unearned at the end of 20X4. At the end of 20x3 the company had $40,000 of unearned revenue, all of which was earned in 20X4. The company's sales revenue for 20X4 would be $145,000 $165,000 $175,000 $185,000
Transcribed Image Text:An entity had cash receipts from sales of $175,000 during 20X4, of which $30,000 was unearned at the end of 20X4. At the end of 20x3 the company had $40,000 of unearned revenue, all of which was earned in 20X4. The company's sales revenue for 20X4 would be $145,000 $165,000 $175,000 $185,000
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