Bookworm Booksellers Reported Sales Revenue of $350,000 for the Fiscal

Multiple Choice

Bookworm Booksellers reported sales revenue of $350,000 for the fiscal year ended July 31. The accounts receivable balance at the beginning of the year was $23,000 and $42,000 at the end of the year. On the statement of cash flows, what amount of cash would be shown as collected from customers?

A) $327,000
B) $331,000
C) $350,000
D) $369,000