Sales totalled ($ 800,000), accounts receivable increased by ($ 40,000), and accounts payable decreased by ($ 35,000).

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Sales totalled \(\$ 800,000\), accounts receivable increased by

\(\$ 40,000\), and accounts payable decreased by \(\$ 35,000\). How much cash did this company collect from customers?

a. \(\$ 760,000\)

b. \(\$ 795,000\)

c. \(\$ 800,000\)

d. \(\$ 840,000\)

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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