The beginning balance in accounts receivable is $44,000, the ending balance is $42,000, and sales during the period are $129,000. What are cash receipts from customers? (a) $127,000. (b) $129,000. (c) $131,000. (d) $141,000.

The beginning balance in accounts receivable is $44,000, the ending balance is $42,000, and sales during the period are $129,000. What are cash receipts from customers? (a) $127,000. (b) $129,000. (c) $131,000. (d) $141,000.

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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The beginning balance in accounts receivable is $44,000,
the ending balance is $42,000, and sales during the period
are $129,000. What are cash receipts from customers?
(a) $127,000.
(b) $129,000.
(c) $131,000.
(d) $141,000.

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