Parker Manufacturing had sales of $850,000. The beginning accounts receivable balance was $95,000 and the ending accounts receivable balance was $180,000. How much is the cash collected from customers for this reporting period? a. $935,000 b. $765,000 c. $670,000 d. $835,000

Parker Manufacturing had sales of $850,000. The beginning accounts receivable balance was $95,000 and the ending accounts receivable balance was $180,000. How much is the cash collected from customers for this reporting period? a. $935,000 b. $765,000 c. $670,000 d. $835,000

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 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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Parker manufacturing had sales solve this accounting questions

Parker Manufacturing had sales of $850,000. The
beginning accounts receivable balance was $95,000
and the ending accounts receivable balance was
$180,000. How much is the cash collected from
customers for this reporting period?
a. $935,000
b. $765,000
c. $670,000
d. $835,000

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