Spartan Corporation had sales of $880,000. The beginning Accounts Receivable balance was $70,000 and the ending Accounts Receivable balance was $230,000. The cash collected from customers for this reporting period is:
A) $1,040,000.
B) $810,000.
C) $720,000.
D) $650,000.

Question

Quizplus · Accepted Answer

The Answer of Spartan Corporation had sales of $880,000. The beginning Accounts Receivable balance was $70,000 and the ending Accounts Receivable balance was $230,000. The cash collected from customers for this reporting period is:
A) $1,040,000.
B) $810,000.
C) $720,000.
D) $650,000.

Spartan Corporation Had Sales of $880,000