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The balance in Accounts Receivable at the beginning of the year amounted to $1,760. During the year, $6,840 of credit sales were made to customers.

The balance in Accounts Receivable at the beginning of the year amounted to $1,760. During the year, $6,840 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $1,100, and uncollectible accounts expense amounted to $440, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement?

Multiple Choice

  • $7,060

  • $6,840

  • $8,600

  • None of these answers are correct.

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