Bold Company's 2019 income statement reported total sales revenue of $250,000.During 2019,accounts receivable decreased by $20,000 and accounts payable increased $10,000.How much cash was collected from customers during 2019?

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The cash collected from customers is calculated by adjusting the sales revenue for the change in accounts receivable. Since accounts receivable decreased by $20,000, this means that $20,000 of the sales revenue was collected in cash, in addition to the initial sales revenue. Therefore, the cash collected from customers is $250,000 (initial sales revenue) + $20,000 (decrease in accounts receivable) = $270,000. The change in accounts payable does not affect the cash collected from customers.

Bold Company's 2019 Income Statement Reported Total Sales Revenue of $250,000.During