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Mopoke Ltd Provides the Following Information That Relates to the Period

Question 27

Multiple Choice

Mopoke Ltd provides the following information that relates to the period ended 30 June 2014:
$0 Sales for the year 1200 Discounts provided to customers for early payment 500 Doubtful debts expense 150 Opening balance of accounts receivable 300 Closing balance of accounts receivable 900 Bad debts expense 20 Opening balance of the provision for doubtful debts 20 Closing balance of the provision for doubtful debts 10\begin{array} { | l | r | } \hline & \$ 0 \\\hline \text { Sales for the year } & 1200 \\\hline \text { Discounts provided to customers for early payment } & 500 \\\hline \text { Doubtful debts expense } & 150 \\\hline \text { Opening balance of accounts receivable } & 300 \\\hline \text { Closing balance of accounts receivable } & 900 \\\hline \text { Bad debts expense } & 20 \\\hline \text { Opening balance of the provision for doubtful debts } & 20 \\\hline \text { Closing balance of the provision for doubtful debts } & 10 \\\hline\end{array}
What amount of cash was received from customers during the year?


A) $1 780 000
B) $930 000
C) $1 720 000
D) $920 000

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