McDoogle Company's balance sheet showed an accounts receivable balance of $75,000 at the beginning of the year

Question:

McDoogle Company's showed an balance of $75,000 at the beginning of the year and $97,000 at the end of the year. McDoogle reported sales of $1,150,000 on its income statement.
Using the direct method, determine the amount that McDoogle will report as cash collections in the operating activities section of the statement of cash flows. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...