Answer:
$69,000
Explanation:
Data provided
Beginning balance = $20,000
Sales = $70,000
Ending balance = $21,000
The computation of company receive from customers during the month is shown below:-
Cash received from the customers = Beginning balance + Sales - Ending balance
= $20,000 + $70,000 - $21,000
= $90,000 - $21,000
= $69,000
The amount received from customers during the month is $69,000.
Accounts receivable represents the asset of the company in form of the amounts due from customers for the goods or services provided. They are generally referred to as debtors.
The sales made on account increase the accounts receivables, whereas payments and discounts decrease the same. The payment received can be calculated as follows:
[tex]\rm Payment = Beginning\:balance + Sales - Closing\:balance\\\\\rm Payment = \$20,000+\$70,000-\$21,000\\\\\rm Payment =\$69,000[/tex]
Therefore the amount received from customers during the month is $69,000.
Learn more about accounts receivables here:
https://brainly.com/question/7496382
