Question
Chapek Chariots recognized sales of $4,000 during the fiscal year. The balance in Accounts Receivable was $900 at the beginning of the year and $1,400
Chapek Chariots recognized sales of $4,000 during the fiscal year. The balance in Accounts Receivable was $900 at the beginning of the year and $1,400 at the end of the year. How much cash was collected from customers during the year?
A.4500
b. 500
c.3500
d.4000
e. none of the above
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
