Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Sales reported on the income statement were $690,000. The accounts receivable balance declined $39,000 over the year. Determine the amount of cash received from customers. $fill in the blank 1

Sagot :

ayokenny2001

The amount of cash received from customers is 729,000

What is income statement?

An income statement is a financial statement that shows you the company's income and expenditures

Cash received from customers

= Sales + Decline in receivable balance

= $690,000 + $39,000

= $729,000

Hence, the amount of cash received from customers is $729,000

Learn more about income statement here : https://brainly.com/question/21851842

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.