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H Company's Accounting Records Show: The Cash Received from Customers Is:
A)$595 000
B)$590 000

Question 12

Multiple Choice

H Company's accounting records show: $
 Credit sales for the year 650,000 Discounts provided for early payment 15,000 Opening balance of accounts receivable 100,000 Closing balance of accounts receivable 90,000\begin{array}{ll}\text { Credit sales for the year } & 650,000 \\\text { Discounts provided for early payment } & 15,000 \\\text { Opening balance of accounts receivable } & 100,000 \\\text { Closing balance of accounts receivable } & 90,000\end{array} The cash received from customers is:


A) $595 000
B) $590 000
C) $645 000
D) $610 000

Correct Answer:

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