Question
A company reported annual sales revenue of $2,772,000. During the year, accounts receivable decreased from a $102,000 beginning balance to a $69,600 ending balance. How
A company reported annual sales revenue of $2,772,000. During the year, accounts receivable decreased from a $102,000 beginning balance to a $69,600 ending balance. How much cash was received from customers for the year?
| A. | $2,804,400 | |
| B. | $3,036,600 | |
| C. | $3,003,000 | |
| D. | $ 33,600 | |
| E. | None of the above |
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
9780073526706
