Objective: To calculate the amount of cash received from customers

Directions: Acme, Inc. had sales of $455,300 for 20X3. (a)If the Accounts Receivable account had a beginning balance of $57,000 and an ending balance of $65,000, what amount of cash was received from customers during the year? (b) What would your answer be if the ending balance of the Accounts Receivable account was instead $50,000?

Check Figure (a) Cash received from customers (b) Cash received from customers