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A company reported annual sales revenue of $840,000. During the year accounts receivable decreased from a $56,000 beginning balance to a $36,000 ending balance. Accounts
A company reported annual sales revenue of $840,000. During the year accounts receivable decreased from a $56,000 beginning balance to a $36,000 ending balance. Accounts payable increased from a $52,000 beginning balance to a $67,000 ending balance. How much is cash received from customers for the year?
Select one:
A. $820,000
B. $845,000
C. $835,000
D. $860,000
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