On inspection of the financial statements, you note that sales are $45 000, and the beginning and closing accounts receivable balances are $33 000 and $42 000 respectively What were the cash receipts from customers ...

On inspection of the financial statements, you note that sales are $45 000, and the beginning and

Question:

On inspection of the financial statements, you note that sales are $45 000, and the beginning and closing balances are $33 000 and $42 000 respectively. What were the cash receipts from customers?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...