Kindly help me with general accounting question Sales reported on the income statement were $58,400.The accounts receivable balance decreased by $2,100over the year. Determine the amount of cash receivedfrom customers.

Step 1: Define Accounts ReceivableAccounts receivable refers to the amount due from the customers…

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 $58,400. The accounts receivable balance decreased by $2,100 over the year. Determine the amount of cash received from customers.