This month, a company recorded sales revenue of $50,000 from sales of goods to c

Question

This month, a company recorded sales revenue of $50,000 from sales of goods to customers who agreed to pay later. Next month, the company received payment from customers of $45,000. Choose the TRUE statement. Answer Revenue for this month is $45,000. Accounts receivable at the end of next month is $5,000. Accounts Payable at the end of this month is $5,000. Revenue for next month will be $45,000. This month, a company recorded sales revenue of $50,000 from sales of goods to customers who agreed to pay later. Next month, the company received payment from customers of $45,000. Choose the TRUE statement. This month, a company recorded sales revenue of $50,000 from sales of goods to customers who agreed to pay later. Next month, the company received payment from customers of $45,000. Choose the TRUE statement. Revenue for this month is $45,000. Accounts receivable at the end of next month is $5,000. Accounts Payable at the end of this month is $5,000. Revenue for next month will be $45,000. Revenue for this month is $45,000. Accounts receivable at the end of next month is $5,000. Accounts Payable at the end of this month is $5,000. Revenue for next month will be $45,000.

Explanation / Answer

Revenue for next month will be $45,000.

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