The balance in Accounts Receivable at the beginning of the period amounted to $2,100. During the period $6,500 of credit sales were made to customers, and uncollectible accounts expense amounted to $410. The ending balance in Accounts Receivable is $1,100, and the ending balance in the uncollectibles allowance account is $600. The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is

Question

Jessie Chase

Business

4 June, 15:46

The balance in Accounts Receivable at the beginning of the period amounted to $2,100. During the period $6,500 of credit sales were made to customers, and uncollectible accounts expense amounted to $410. The ending balance in Accounts Receivable is $1,100, and the ending balance in the uncollectibles allowance account is $600. The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is

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Karli Stout · Answer 1

The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.

Explanation:

Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending

= 2,100 + 6,500 - 1,100

= $26400

Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.