On January 1, 2016, Glass Industries' Accounts Receivable balance was $10,000; on December 31, 2016, it was

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On January 1, 2016, Glass Industries' Accounts Receivable balance was $10,000; on December 31, 2016, it was $18,000. Sales revenue for the year was $145,780.
Required
Calculate the cash received from customers in 2016.
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...
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Managerial Accounting

ISBN: 978-1119343615

3rd edition

Authors: Charles E. Davis, Elizabeth Davis

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