Accounts Receivable was $750 at the end of November and $525 at the end of December. Revenue totaled $4,200 for December. How much cash was received from revenues during December?

Question

Quizplus · Accepted Answer

Cash received from revenues during December = Revenue - (Ending Accounts Receivable - Beginning Accounts Receivable)= $4,200 - ($525 - $750)= $4,200 - (-$225)= $4,200 + $225= $4,425

Accounts Receivable Was $750 at the End of November and $525