Sales reported on the income statement were $340,000. The accounts receivable balance declined $17,000 over the year. Determine the amount of cash received from customers.

Question

Quizplus · Accepted Answer

The Answer of Sales reported on the income statement were $340,000. The accounts receivable balance declined $17,000 over the year. Determine the amount of cash received from customers.

Sales Reported on the Income Statement Were $340,000