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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
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$15,080.
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$11,620. (Incorrect Answer)
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$11,400.
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None of these answers are correct.
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