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The unearned revenue account for Ventura Enterprises Ltd. showed an opening balance of $3,000 credit and an ending balance of $10,000 credit. If Ventura reported
The unearned revenue account for Ventura Enterprises Ltd. showed an opening balance of $3,000 credit and an ending balance of $10,000 credit. If Ventura reported total revenues of $600,000 for the year, and accounts receivable increased by $4,000 how much will Ventura report as Cash Collected from Customers on their direct method statement of cash flows? Select answer from the options below $597,000 $596,000 $603,000 $604,000
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