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Company A had $3000 in cash sales and $7000 in credit sales to be paid...

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Accounting

Company A had $3000 in cash sales and $7000 in credit sales to be paid off at a later date. They paid $1000 of their expenses in cash and charged $2000 of their expenses. Find the four correct answers.

They have $10, 000 in revenue using accrual accounting.

They have $3000 in expenses using accrual accounting.

They have $2000 in profit using cash accounting.

They have $3000 in expenses using cash accounting.

They have $7000 in profit using accrual accounting.

They have $10,000 in revenue using cash accounting.

The first person got this wrong. He didnt responsed back.

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