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A company reported annual sales revenue of $1,450,000 in 2018. During the year, accounts receivable decreased from a $25,000 beginning balance to a $18,000 ending
A company reported annual sales revenue of $1,450,000 in 2018. During the year, accounts receivable decreased from a $25,000 beginning balance to a $18,000 ending balance. Accounts payable decreased from a $32,000 beginning balance to a $23,000 ending balance. How much is cash received from customers for the year?
A) $1,098,000 B) $1,276,000 C) $1,304,000 D) $1,457,000
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