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Half of the credit sales were still to be collected at

Question - During the year ended 30 June 2010, Flying Fox Ltd received cash $200,000 from sales, including $20,000 received for credit sales made in June 2009. Credit sales for the year ending on 30/6/2010 amounted to $100,000. Half of the credit sales were still to be collected at year-end. What is the company's sales revenue for the year ended 30 June 2010 using accrual accounting?

a. 230,000.

b. 250,000.

c. 280,000.

d. 300,000.

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Accounting Basics: Half of the credit sales were still to be collected at

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Accounting Basics: Half of the credit sales were still to be collected at

Reference No:- TGS02871867

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