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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
