During the month of April, Riley Co. had cash receipts from customers of $71,100. Expenses totaled $46,800, and accrual basis net income was $12,600. There were no gains or losses during the month. Required: a. Calculate the revenues for Riley Co. for April.

During the month of April, Riley Co. had cash receipts from customers of $71,100. Expenses totaled $46,800, and accrual basis net income was $12,600. There were no gains or losses during the month. Required: a. Calculate the revenues for Riley Co. for April.

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

During the month of April, Riley Co. had cash receipts from customers of $71,100. Expenses totaled $46,800, and accrual basis net income was $12,600. There were no gains or losses during the month.

Required:
a. Calculate the revenues for Riley Co. for April.

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