H Company's accounting records show:
$$\begin{array} { l r } &\$\
\text { Credit sales for the year } & 600,000 \
\text { Discounts provided for early payment } & 15,000 \
\text { Opening balance of accounts receivable } & 100,000 \
\text { Closing balance of accounts receivable } & 90,000
\end{array}$$
The cash received from customers is:

Question

Quizplus · Accepted Answer

Cash received from customers = Credit sales - Discounts provided - (Opening balance of accounts receivable - Closing balance of accounts receivable)= 600,000 - 15,000 - (100,000 - 90,000)= 600,000 - 15,000 - 10,000= $595,000

H Company's Accounting Records Show The Cash Received from Customers Is: A) $595,000

H Company's Accounting Records Show The Cash Received from Customers Is:
A) $595,000