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A Company Reported Annual Sales Revenue of $2,200,000 in 2019

Question 29

Multiple Choice

A company reported annual sales revenue of $2,200,000 in 2019. During the year, accounts receivable decreased from a $56,000 beginning balance to a $48,000 ending balance. Accounts payable decreased from a $44,000 beginning balance to a $32,000 ending balance.
How much is cash received from customers for the year?


A) $2,192,000
B) $1,848,000
C) $2,208,000
D) $2,196,000

Correct Answer:

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