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ioda
3 years ago
14

​Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r

eported for​ 2019: 1. Sales​ Revenue, $519,000 2. Accounts​ Receivable, beginning​ balance, $97,000 3. Accounts​ Receivable, ending​ balance, $65,000 Compute the collections from customers.
Business
1 answer:
Lera25 [3.4K]3 years ago
7 0

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

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