Myers Industries reported sales of $220,000 on its income statement.During the year,accounts receivable increased by $25,000 and accounts payable decreased by $15,000.Maddox uses the direct method to determine the net cash provided by operating activities on the statement of cash flows.What is the amount of sales revenue adjusted to a cash basis for the year?

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The Answer of Myers Industries reported sales of $220,000 on its income statement.During the year,accounts receivable increased by $25,000 and accounts payable decreased by $15,000.Maddox uses the direct method to determine the net cash provided by operating activities on the statement of cash flows.What is the amount of sales revenue adjusted to a cash basis for the year?

Myers Industries Reported Sales of $220,000 on Its Income Statement