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X Company is a service company and prepares monthly financial statements. In March, it billed...

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Accounting

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X Company is a service company and prepares monthly financial statements. In March, it billed customers $416,000 for services it provided; in April, it billed customers $357,000 for services it provided. In April, the company received $280,000 from its March customers and $247,000 from its April customers. Which of the following amounts will appear on X Company's April Income Statement and Statement of Cash Flows? O both statements, $357,000 O Income Statement, $773,000; Statement of Cash Flows, $527,000 O Income Statement, $527,000; Statement of Cash Flows, $357,000 O Income Statement, $527,000; Statement of Cash Flows, $773,000 O both statements, $247,000 O Income Statement, $357,000; Statement of Cash Flows, $527,000 Submit Answer Tries 0/99

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