If services for the month total $7,000 in cash and $1,500 on account, the revenue account increases $8,500.

Name: If services for the month total $7,000 in cash and $1,500 on account, the revenue account increases $8,500.
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Question

Quizplus · Accepted Answer

The total revenue for the month is $8,500, which includes both the cash received ($7,000) and the accounts receivable ($1,500). Therefore, the revenue account increases by $8,500.

If Services for the Month Total $7,000 in Cash and $1,500