Indicate for bayles co the total revenues

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Reference no: EM132827810

Question - Summarized operations for Bayles Co. for the month of July are as follows.

Revenues recognized: for cash $20,000; on account $70,000.

Expenses incurred: for cash $26,000; on account $40,000.

Indicate for Bayles Co. (a) the total revenues, (b) the total expenses, and (c) net income for the month of July.

Reference no: EM132827810

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