The abacus company had the following activity and balances


Problem

The Abacus Company had the following activity and balances for the year ended 2014:

Sales Revenue [____________]
Selling Expenses $665,000
General and Administrative Expenses 400,000
Cost of Goods Sold 900,000
Net Income 1,535,000
Current Assets 12,000,000
Long Term Assets 34,000,000
Current Liabilities [_________]
Long Term Liabilities 14,000,000
Owners Equity 25,000,000

What is sales revenue?

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Accounting Basics: The abacus company had the following activity and balances
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