Acme sold $2,275 worth of its network equipment (its products) to customers on account
January 2nd, 2018
Acme sold $2,275 worth of its network equipment (its products) to customers on account. Note: Only focus on the Revenue here; keep the related expenses in the back of your mind as they must be accounted for before you prepare your financial statements. How is this displayed on Balance Sheet and Income Statement?