Please show work!!! pt During the year, X Company sold merchandise on account to...
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Accounting
Please show work!!!
pt During the year, X Company sold merchandise on account to customers for $403,000 The company collected $394,000 n cash from customers during the year. Which of these amounts appears on the Income Statement and which appears on the Statement of Cash Flows? OWs 0.AO $9,000 appears on both statements BO $403,000 appears on both statements CO $9,000 appears on the Income Statement and $394,000 appears on the Statement of Cash Flows DO $394,000 appears on the Income Statement and $403,000 appears on the Statement of Cash Flows EO $403,000 appears on the Income Statement and $394,000 appears on the Statement of Cash Flows O $394,000 appears on both statements
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