Financial Accounting Question solve please i want urgent answer The beginning balance in accounts receivable is $44,000,the ending balance is $42,000, and sales during the periodare $129,000. What are cash receipts from customers?(a) $127,000.(b) $129,000.(c) $131,000.(d) $141,000.

Step 1: Define Cash Receipt:Cash receipt is the inflow of cash from the performance of the business…

Answered: The beginning balance in accounts…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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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.