Beginning and ending balances for selected accounts are as follows:
$$\begin{array} { l r r r }
& 12 / 31 / 17 & 1 / 01 / 17 \
\hline \text { Accounts receivable } & \$ 14,000 & \$ 19,000 \
\text { Revenue received in advance } & 6,000 & 3,000
\end{array}$$
During 2017, sales revenue is $110,000. Calculate the cash collected from customers.

Question

Beginning and ending balances for selected accounts are as follows:
 $$\begin{array} { l r r r } 
 & 12 / 31 / 17 & 1 / 01 / 17 \
\hline \text { Accounts receivable } & \$ 14,000 & \$ 19,000 \
\text { Revenue received in advance } & 6,000 & 3,000
\end{array}$$ 
During 2017, sales revenue is $110,000. Calculate the cash collected from customers.

Quizplus · Accepted Answer

The Answer of Beginning and ending balances for selected accounts are as follows:
 $$\begin{array} { l r r r } 
 & 12 / 31 / 17 & 1 / 01 / 17 \
\hline \text { Accounts receivable } & \$ 14,000 & \$ 19,000 \
\text { Revenue received in advance } & 6,000 & 3,000
\end{array}$$ 
During 2017, sales revenue is $110,000. Calculate the cash collected from customers.

Beginning and Ending Balances for Selected Accounts Are as Follows