Post Utme Christopher University 2021 Accounting Question 19

A company uses the single-entry system of accounting. The company has the following transactions for the year ended December 31, 2022: | Date | Transaction | | --- | --- | | January 1, 2022 | Cash | ₦100,000 | | February 15, 2022 | Sales Revenue | ₦50,000 | | March 31, 2022 | Cost of Goods Sold | ₦30,000 | | April 15, 2022 | Cash | ₦20,000 | | May 31, 2022 | Sales Revenue | ₦40,000 | | June 15, 2022 | Cost of Goods Sold | ₦25,000 | | July 31, 2022 | Cash | ₦15,000 | | August 15, 2022 | Sales Revenue | ₦35,000 | | September 30, 2022 | Cost of Goods Sold | ₦20,000 | | October 15, 2022 | Cash | ₦10,000 | | November 30, 2022 | Sales Revenue | ₦45,000 | | December 15, 2022 | Cost of Goods Sold | ₦22,500 | What is the total sales revenue for the year ended December 31, 2022?