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A retail store had annual sales of $1,820,000. Their accounts receivable increased from $43,000 to $78,000 during the year, while accounts payable decreased from $62,000 to $41,000. How much is cash received from customers for the year? a. $1,785,000 b. $1,820,000 c. $1,855,000 d. $1,799,000

A retail store had annual sales of $1,820,000. Their accounts receivable increased from $43,000 to $78,000 during the year, while accounts payable decreased from $62,000 to $41,000. How much is cash received from customers for the year? a. $1,785,000 b. $1,820,000 c. $1,855,000 d. $1,799,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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How much is cash received from customer for the year? General Accounting question

A retail store had annual sales of $1,820,000. Their accounts receivable increased from $43,000 to $78,000 during the year, while accounts payable decreased from $62,000 to $41,000. How much is cash received from customers for the year? a. $1,785,000 b. $1,820,000 c. $1,855,000 d. $1,799,000
Transcribed Image Text:A retail store had annual sales of $1,820,000. Their accounts receivable increased from $43,000 to $78,000 during the year, while accounts payable decreased from $62,000 to $41,000. How much is cash received from customers for the year? a. $1,785,000 b. $1,820,000 c. $1,855,000 d. $1,799,000
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