Bing Company reported sales of $180,000, an increase in accounts receivable of $15,000, and a decrease in cash of $20,000. was received from Bing Company's customers.
A) $200,000
B) $165,000
C) $195,000
D) $160,000

Question

Quizplus · Accepted Answer

The cash received from customers is calculated by subtracting the increase in accounts receivable from the sales: $180,000 - $15,000 = $165,000.

Bing Company Reported Sales of $180,000, an Increase in Accounts