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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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