Question
A company reported annual sales revenue of $845,000. During the year accounts receivable increased from a $14,000 beginning balance to a $19,000 ending balance. Accounts
A company reported annual sales revenue of $845,000. During the year accounts receivable increased from a $14,000 beginning balance to a $19,000 ending balance. Accounts payable decreased from a $13,000 beginning balance to a $6,000 ending balance.
How much is cash received from customers for the year?
| A. | $850,000 | |
| B. | $840,000 | |
| C. | $864,000 | |
| D. | $833,000 |
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Easyinvoice Invoice Billing Receiption Accounting Make It Easy
Authors: Thian Thima
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