Erie Company began the accounting period with $15,700 in accounts receivable. The ending balance in accounts receivable was $7.200. If the creditsales during the period were $44,000, what is the amount of cash received from customers?Multiple Choice$44,000$52,500$35,500$66,900

Name: Erie Company began the accounting period with $15,700 in accounts rec
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Description: Erie Company began the accounting period with $15,700 in accounts receivable. The ending balance in accounts receivable was $7.200. If the creditsales during the period were $44,000, what is the amount of cash received from customers?Multiple Choice

The account receivables are reported in the balance sheet as the current assets of the business.

Business

Accounting

Erie Company began the accounting period with $15,700 in accounts receivable. The ending balance in accounts receivable was $7.200, If the cre sales during the period were $44,000, what is the amount of cash received from customers? Multiple Choice $44,000 $52,500 $35.500 $6,900

Erie Company began the accounting period with $15,700 in accounts receivable. The ending balance in accounts receivable was $7.200, If the cre sales during the period were $44,000, what is the amount of cash received from customers? Multiple Choice $44,000 $52,500 $35.500 $6,900

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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