Snoopy, Inc had an Accounts Receivable balance of $50,000 on August 31, 2019. the balance at...
Snoopy, Inc had an Accounts Receivable balance of $50,000 on August 31, 2019. the balance at September 30, 2019 is $40,000. September sales on account are $80,000. Ho much cash was collected from customers during September?
Group of answer choices
a. 10,000
b. 170,000
c. 90,000
d. 70,000
Homework Answers
| Cash Collected = Beginning balance + sales - ending balance | |||||||||
| =$50000+80000-40000 | |||||||||
| =$90000 | |||||||||
| Correct Option : C.90000 | |||||||||
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Snoopy, Inc had an Accounts Receivable balance of $50,000 on
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