Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales. What was the cash received from customers during the year?
A)$296,000
B)$264,000
C)$280,000
D)$248,000

Question

Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales.  What was the cash received from customers during the year?
A)$296,000 
B)$264,000 
C)$280,000 
D)$248,000

Quizplus · Accepted Answer

The Answer of Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales.  What was the cash received from customers during the year?
A)$296,000 
B)$264,000 
C)$280,000 
D)$248,000

Erie Company Reports the Following Comparative Balance Sheets and Income