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For Engle Company, the balance in Accounts Receivable at the beginning of the period was $1,300. During the period $4,200 of credit sales were made
For Engle Company, the balance in Accounts Receivable at the beginning of the period was $1,300. During the period $4,200 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $500, and uncollectible accounts of $700 were written off, the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:
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$3,500.
$4,200.
$5,500.
$4,300.
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