I need answer of this question general accounting Sales reported on the income statement were $282,860.The accounts receivable balance declined by $26,890 overthe year. Determine the amount of cash received fromcustomers.

Step 1: Define Account ReceivableMoney due by a firm to a company on selling goods on credit is…

Answered: Sales reported on the income statement…

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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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.