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From the Following Information Calculate the Cash Received from Customers

Question 38

Multiple Choice

From the following information calculate the cash received from customers.  Accounts receivable opening blance $20,000 Credit Sales $860,000 Accounts receivable closing balance $40,000\begin{array} { l l } \text { Accounts receivable opening blance } & \$ 20,000 \\\text { Credit Sales } & \$ 860,000 \\\text { Accounts receivable closing balance } & \$ 40,000\end{array}


A) $840 .000
B) $900 000
C) $840 000
D) $820 000

Correct Answer:

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