Sales reported on the statement of income were $51,300. The accounts receivable balance decreased $4,100 over the

Question:

Sales reported on the statement of income were $51,300. The balance decreased $4,100 over the year. Determine the amount of cash received from customers to be included in the operating section under the direct method.
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...