During its first year of operations,Puffin,Inc.reported Sales Revenue of $772,000 but collected only $606,000 from customers.At the end of the year,Accounts Receivable equals:

Name: During its first year of operations,Puffin,Inc.reported Sales Revenue of $772,000 but collected only $606,000 from customers.At the end of the year,Accounts Receivable equals:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Of the $772,000 of Sales Revenue,customers have paid the company only $606,000,which leaves a balance of Accounts Receivable of $166,000.

During Its First Year of Operations,Puffin,Inc