The ending balance of the Accounts Receivable account was $9,000, and the beginning balance was $11,500. During the period, the company billed customers for $19,200 in services. What was the amount of cash collected from customers? a. $21,700 b. $20,000 c. $22,500 d. $18,000 e. None of the other alternatives are correct

The ending balance of the Accounts Receivable account was $9,000, and the beginning balance was $11,500. During the period, the company billed customers for $19,200 in services. What was the amount of cash collected from customers? a. $21,700 b. $20,000 c. $22,500 d. $18,000 e. None of the other alternatives are correct

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PB: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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