On January 1, 2022, Accounts Receivable was $25,000. Sales on account for 2022 totaled $180,000. The ending balance of Accounts Receivable was $40,000. What is the amount of cash collected from customers? a. $145,000 b. $165,000 c. $175,000 d. $190,000

On January 1, 2022, Accounts Receivable was $25,000. Sales on account for 2022 totaled $180,000. The ending balance of Accounts Receivable was $40,000. What is the amount of cash collected from customers? a. $145,000 b. $165,000 c. $175,000 d. $190,000

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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I don't know answer please help me this question solution

On January 1, 2022, Accounts Receivable was $25,000. Sales on account for 2022
totaled $180,000. The ending balance of Accounts Receivable was $40,000. What is
the amount of cash collected from customers?
a. $145,000
b. $165,000
c. $175,000
d. $190,000

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