Given Below Is the Activity of Super Company: 1

question 138

Multiple Choice

Given below is the activity of Super Company: 1. Owners invested $20,000 in cash in the business
2) Credit sales were $80,000
3) Cash sales were $10,000
4) Cash collections from credit customers were $36,000
5) Cash borrowed on a note payable was $27,000
The total revenue for Super Company, using the accrual basis of accounting, is:

• A) $46,000
• B) $173,000
• C) $126,000
• D) $90,000

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