During 2021, Bycomb Company generated revenues of £300,000 for services rendered  of which £70,000 was owing as of December 31, 2021. How much should be reported  as service revenues in the 2021 Income Statement?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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During 2021, Bycomb Company generated revenues of £300,000 for services rendered 
of which £70,000 was owing as of December 31, 2021. How much should be reported 
as service revenues in the 2021 Income Statement? 
a) £280,000
b) £300,000
c) £320,000
d) £420,000

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