Copper Company engaged in the following transactions during April
-What is the amount of cash still to be collected?
A)$126,000
B)$341,000
C)$144,000
D)$18,000

Question

Copper Company engaged in the following transactions during April 
-What is the amount of cash still to be collected?
A)$126,000 
B)$341,000 
C)$144,000 
D)$18,000

Quizplus · Accepted Answer

The amount of cash still to be collected is $126,000. This is calculated by taking the total amount of accounts receivable ($341,000) and subtracting the amount of cash already collected ($215,000).

Copper Company Engaged in the Following Transactions During April