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During the financial year Marina Limited had sales of $720 000. The opening balance of accounts receivable was $103 000, and the closing balance was
During the financial year Marina Limited had sales of $720 000. The opening balance of accounts receivable was $103 000, and the closing balance was $139 000. Bad debts amounting to $34 000 were written off during the period. Ignoring GST, the cash receipts from customers during the year amounted to:
Select one:
a. $650 000.
b. $722 000.
c. $718 000.
d. $790 000.
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