Question

The company collected $1,200 cash as partial payment of the May 1 consulting revenue. What is the amount of the partial payment?

1) $1,200
2) $2,400
3) $600
4) $3,600

Answer 1

The amount of the partial payment is $1,200.

Step-by-step explanation:

The amount of the partial payment is $1,200. This means that the company collected $1,200 as a partial payment for the May 1 consulting revenue.