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A company reported annual sales revenue of $2,200,000 in 2016. During the year, accounts receivable decreased from a $56,000 beginning balance to a $48,000 ending
A company reported annual sales revenue of $2,200,000 in 2016. During the year, accounts receivable decreased from a $56,000 beginning balance to a $48,000 ending balance. Accounts payable decreased from a $44,000 beginning balance to a $32,000 ending balance. How much is cash received from customers for the year? A. $1,848,000 B. $2,208,000 C. $2,196,000 D. $2,192,000
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