1. One company reported annual sales revenue of $845,000. 
2. During the year, accounts receivable increased from an opening balance of $14,000 to an ending balance of $19,000. 
3. Accounts payable decreased from a beginning balance of $13,000 to an ending balance of $6,000. 
4. 
   
5. How much cash is received from customers during the year?

Answer rating: 100% (QA)

To determine the cash received from customers during the year we need to consider the cha... View the full answer