Please given answer general account Sales reported on the income statement were$282,860. The accounts receivable balancedeclined by $26,890 over the year. Determine theamount of cash received from customers.

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Answered: Sales reported on the income statement…

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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Sales reported on the income statement were $282,860. The accounts receivable balance declined by $26,890 over the year. Determine the amount of cash received from customers.