Solved

Wellington Cabinets Sells Its Merchandise on Account 20142013 Accounts receivable $125,000$132,000 Sales 1,800,0001,650,000\begin{array}{lrr}&2014&2013\\\text { Accounts receivable } & \$ 125,000 & \$ 132,000 \\\text { Sales } & 1,800,000 & 1,650,000\end{array}

Question 109

Multiple Choice

Wellington Cabinets sells its merchandise on account. The company has provided the following information for 2014 and 2013: 20142013 Accounts receivable $125,000$132,000 Sales 1,800,0001,650,000\begin{array}{lrr}&2014&2013\\\text { Accounts receivable } & \$ 125,000 & \$ 132,000 \\\text { Sales } & 1,800,000 & 1,650,000\end{array} How much cash did Wellington Cabinets collect from customers during 2014?


A) $1,925,000
B) $1,807,000
C) $1,793,000
D) $157,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents