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ki77a [65]
3 years ago
15

Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c

redit sales were $825,000. calculate the cash collections from customers for the year.
Business
1 answer:
yulyashka [42]3 years ago
6 0
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

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Answer:

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Answer:

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3 years ago
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