Alexander Company reported an increase of $185,000 in its accounts receivable during the year.The company's statement of cash flows reported $500,000 of cash received from customers.What amount of net sales must Alexander have recorded?
A)$315,000
B)$685,000
C)$500,000
D)$185,000

Question

Quizplus · Accepted Answer

Net sales = Cash received from customers + Increase in accounts receivable
Net sales = $500,000 + $185,000 = $685,000

Alexander Company Reported an Increase of $185,000 in Its Accounts