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Cash Received from Customers—Direct Method Sales reported on the income statement were $480,000. The accounts receivable balance increased $54,000 over the year. Determine the amount of cash received from
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Cash Received from Customers—Direct Method Sales reported on the income statement were $480,000. The accounts receivable balance increased $54,000 over the year. Determine the amount of cash received from customers. $fill in the blank 1

User Jarjar
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1 Answer

3 votes

Answer:

$426000

Step-by-step explanation:

Cash = sales - account receivable

480000 - 54000 = $426000

User Feilong
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