Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 18

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.
Sales reported on the income statement were $112,000. The accounts receivable balance decreased $10,500 over the year. Determine the amount of cash received from customers.