From the Following Information Calculate the Cash Received from Customers

question 6

Multiple Choice

From the following information calculate the cash received from customers.
$$\begin{array} { l r } \text { Accounts receivable opening balance } & \$ 20,000 \\\text { Credit Sales } & \$ 840,000 \\\text { Accounts receivable closing balance } & \$ 40,000\end{array}$$

• A) $840,000.
• B) $900,000.
• C) $860,000.
• D) $820,000.

Grasp the relationship between motivation types (e.g., achievement, affiliation) and situational responses.

Comprehend the role of feedback mechanisms in emotion recognition and expression.

Understand the role of physiological responses in emotional experiences.

Recognize the universality of certain emotional expressions across cultures.

---

Definitions:

Allowance For Doubtful Accounts

The contra asset account for accounts receivable.

Adjusting Journal Entry

A record in accounting that is used to adjust incomes and expenses to match the accounting period in which they actually occurred.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

Allowance For Doubtful Accounts

An account opposite to assets that predicts the amount of accounts receivable that might not be recoverable.