(Appendix) Magic Wand, Inc.'s sales for the calendar year 20-B amounted to $745,000. The Accounts Receivable balance as of December 31, 20-A was $67,000. This same account had a balance of $79,000 as of December 31, 20-B.
Required:
Calculate the amount of cash received from customers in 20-B.

Question

(Appendix) Magic Wand, Inc.'s sales for the calendar year 20-B amounted to $745,000. The Accounts Receivable balance as of December 31, 20-A was $67,000. This same account had a balance of $79,000 as of December 31, 20-B.​
Required:
Calculate the amount of cash received from customers in 20-B.

Quizplus · Accepted Answer

The Answer of (Appendix) Magic Wand, Inc.'s sales for the calendar year 20-B amounted to $745,000. The Accounts Receivable balance as of December 31, 20-A was $67,000. This same account had a balance of $79,000 as of December 31, 20-B.​
Required:
Calculate the amount of cash received from customers in 20-B.