NIKKA TECH SOLUTIONS REPORTED SALES REVENUE OF $75,600 ON ITS INCOME STATEMENT. THE ACCOUNTS RECEIVABLE BALANCE DECREASED BY $3,400 OVER THE YEAR. DETERMINE THE AMOUNT OF CASH RECEIVED FROM CUSTOMERS.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 14E
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Determine the amount of cash received from customers?

NIKKA TECH SOLUTIONS REPORTED
SALES REVENUE OF $75,600 ON ITS
INCOME STATEMENT. THE ACCOUNTS
RECEIVABLE BALANCE DECREASED BY
$3,400 OVER THE YEAR. DETERMINE THE
AMOUNT OF CASH RECEIVED FROM
CUSTOMERS.
Transcribed Image Text:NIKKA TECH SOLUTIONS REPORTED SALES REVENUE OF $75,600 ON ITS INCOME STATEMENT. THE ACCOUNTS RECEIVABLE BALANCE DECREASED BY $3,400 OVER THE YEAR. DETERMINE THE AMOUNT OF CASH RECEIVED FROM CUSTOMERS.
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