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otez555 [7]
2 years ago
12

Tanner Service Company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from

a $22,500 beginning balance to an $18,800 ending balance. Accounts payable decreased from a $15,200 beginning balance to a $13,600 ending balance. Assume that all sales were made on account. How much is cash received from customers for the year
Business
1 answer:
otez555 [7]2 years ago
4 0

Answer:

$563,700

Explanation:

Calculation of cash is as seen below.

Sales revenue. $560,000

Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700

Cash received from customers. $563,700.

Note: other information given in the question are not relevant for the computation of cash received from customers for the year.

Therefore, cash received from customers for the year is $563,700

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2 years ago
On January​ 1, 2018,​ Jordan, Inc. acquired a machine for $ 1 comma 040 comma 000. The estimated useful life of the asset is fiv
romanna [79]

Answer:

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4 0
2 years ago
Read 2 more answers
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