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the balance in accounts receivable at the beginning of the year amounted to $2,960. during the year, $9,800 of credit sales were made to customers. if the ending balance in accounts receivable amounted to $1,960, and uncollectible accounts expense amounted to $820, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement? multiple choice $9,980 incorrect $9,800 $12,760 none of these answers are correct.

Respuesta :

$9980 is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement.

Sales Revenue + Beginning Accounts receivable = Total Receivable  

Total Receivables - (Ending Accounts receivable + Uncollectable account) = Total cash collected from Accounts receivables

You can do it this way:

  • Add up sales and beginning receivables which will give you total receivables.
  • then add up ending receivables and uncollectible account
  • and reduce it from total receivables computed earlier

Ultimately it will give you Total cash collected from Accounts receivables.

Sales Revenue + Beginning Accounts receivable will give you the total Receivable.

 

$9,800+ $2,960= $12,760

Total Receivables - (Ending Accounts receivable + Uncollectible account) = Total cash collected from Accounts receivables.

$12,760-( $1,960+ $820)=  $9980

$9980 is the total cash collected from Accounts receivables.

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