Answered

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Sales revenue for Hy Marx Tutoring was $220,000. The following data are from the accounting records of Marx: Accounts receivable, January 1 $66,000 Accounts receivable, December 31 $55,000 The cash received from customers was:

Sagot :

abiolataiwo2015

Based on the information given the cash received from customers was: $231,000.

Using this formula

Cash received=Sales revenue+ Beginning account receivable -Ending account receivable

Where:

Sales revenue=$220,000

Beginning account receivable=$66,000

Ending account receivable=$55,000

Let plug in the formula

Cash received=$220,000+$66,000-$55,000

Cash received=$231,000

Inconclusion the cash received from customers was: $231,000.

Learn more about account receivable here:https://brainly.com/question/16156808

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