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The balance in Accounts Receivable at the beginning of the period amounted to $3,680. During the period $11,400 of credit sales were made to customers.

The balance in Accounts Receivable at the beginning of the period amounted to $3,680. During the period $11,400 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $2,420, and uncollectible accounts expense amounted to $1,040, then the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement would be:

Multiple Choice

  • $15,080.

  • $11,620. (Incorrect Answer)

  • $11,400.

  • None of these answers are correct.

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