Question

Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling $4,200. By the end of the month, the company received on account $3,600 of this amount. In addition, Eastwood received $410 on account from customers who were provided lessons in May. Determine the amount of operating cash flows Eastwood will report as received from customers in June.

Answer 1

Answer:

$4,010

Explanation:

Given that

Provide lesson on account = $4,200

The company received on account = $3,600

And, in addition the amount received from customers on account is $410

So, the operating cash flow is

= The company received on account + the amount received from customers on account

= $3,600 + $410

= $4,010

Ignored the company received on account