A company reported annual sales revenue of $4,158,000. During the year, accounts receivable decrease from...
60.1K
Verified Solution
Link Copied!
Question
Accounting
A company reported annual sales revenue of $4,158,000. During the year, accounts receivable decrease from a $153,000 beginning balance to a $104,400 ending balance. How much cash was received from customer for the year?
Select one: a. $4,053,600
b. $48,600
c. None of these are correct
d. $4,206,600
e. $4,109,400
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
