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A company reported annual sales revenue of $450,000. During the year, accounts receivable decreased from a $14,000 beginning balance to a $12,000 ending balance. Accounts
A company reported annual sales revenue of $450,000. During the year, accounts receivable decreased from a $14,000 beginning balance to a $12,000 ending balance. Accounts payable decreased from a $11,000 beginning balance to a $8,000 ending balance. How much is cash received from customers for the year? Answer A. $462,000 B. $452,000 C. $448,000 D. $449,000
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