Mountain View Company reported service revenue (accrual basis) of $78,000 for 2023. The accounts receivable balance was $8,200 at January 1, 2023, and $9,500 at December 31, 2023. The amount of cash collected from customers during 2023 was: a. $79,300 b. $78,000 c. $76,700 d. $69,800

Mountain View Company reported service revenue (accrual basis) of $78,000 for 2023. The accounts receivable balance was $8,200 at January 1, 2023, and $9,500 at December 31, 2023. The amount of cash collected from customers during 2023 was: a. $79,300 b. $78,000 c. $76,700 d. $69,800

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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Hello teacher please help me with accounting questions

Mountain View Company reported service revenue (accrual basis) of $78,000 for 2023.
The accounts receivable balance was $8,200 at January 1, 2023, and $9,500 at December
31, 2023. The amount of cash collected from customers during 2023 was:
a. $79,300
b. $78,000
c. $76,700
d. $69,800

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