The balance in Accounts Receivable at the beginning of the period amounted to $1,600. During the period

Question:

The balance in at the beginning of the period amounted to $1,600. During the period $6,400 of credit sales were made to customers. If the ending balance in amounted to $1,000, and uncollectible accounts expense amounted to $400, then the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:
A. $6,600.
B. $6,400.
C. $8,000.
D. None of these.
On January 1, 2013, Karma Company's and the Allowance for Doubtful Accounts carried balances of $62,000 and $1,000, respectively. During the year Karma reported $145,000 of credit sales. Karma wrote off $1,100 of receivables as uncollectible in 2013. Cash collections of receivables amounted to $149,100. Karma estimates that it will be unable to collect one percent (1%) of credit sales.
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...