Multiple Choice
Bristol Corporation reported a $6,200 balance in accounts receivable on January 1,2016.During the year $49,600 of sales on account were made.If the ending balance of accounts receivable amounts to $25,000,what is the amount of cash received from customers?
A) $24,600
B) $25,000
C) $30,800
D) $68,400
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The Burgess Company reported the following partial
Q2: Howard Co.declared and paid a $1.50 per
Q3: Marvel Company sold land that cost $440,000
Q5: When preparing a statement of cash flows,in
Q6: Howard Co.purchased land costing $25,000 by paying
Q7: Indicate whether each of the following statements
Q8: When using the indirect method to prepare
Q9: On January 1,2016,the Chisolm Company purchased equipment
Q10: The Anton Company reported a beginning balance
Q81: The three main sections of the statement