# A restaurant's cash register shows sales of \$1,400 for the day. Of this amount, \$600 was cash sales. The restaurant does not accept any credit cards. What amount represents the sales to be recorded to Accounts Receivable?

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A restaurant's cash register shows sales of \$1,400 for the day. Of this amount, \$600 was cash sales. The restaurant does not accept any credit cards. What amount represents the sales to be recorded to Accounts Receivable?

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Step 1

Accounts receivable is the amount that is yet to be received by the company from the customers on its credit sales. This often gives the customers an opportunity to pay later for the goods in installments or the whole amount.

Step 2

Total sales according to the cash registers= \$1,400

Cash sales= \$600

Credit sales= Total sales – cash sales

= \$1,400 - \$600

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