Question
The beginning balance in accounts receivable is $ 8,000. Sales during the period equaled $ 15,000. The ending balance in accounts receivable equals $ 2,000.
The beginning balance in accounts receivable is $ 8,000. Sales during the period equaled $ 15,000. The ending balance in accounts receivable equals $ 2,000. What was the cash received from customers?
A) $ 7,000
B) $ 8,000
C) $ 15,000
D) $ 21,000
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
