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From the Following Information Calculate the Cash Received from Customers

Question 4

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From the following information calculate the cash received from customers.  Accounts receivable opening balance $20,000 Credit Sales $860,000 Accounts receivable closing balance $40,000\begin{array} { l r } \text { Accounts receivable opening balance } & \$ 20,000 \\\text { Credit Sales } & \$ 860,000 \\\text { Accounts receivable closing balance } & \$ 40,000\end{array}


A) $840,000.
B) $900,000.
C) $840,000
D) $820,000.

Correct Answer:

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