SRS Systems, Inc., had accounts receivable of $27,000 at the beginning of the year and $56,000 at
Question:
SRS Systems, Inc., had accounts receivable of $27,000 at the beginning of the year and
$56,000 at year-end. Revenue for the year totaled $106,000. How much cash did SRS Systems collect from customers?
a. $189,000
b. $162,000
c. $77,000
d. $133,000 AppendixLO1
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Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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