Answer:
$178,000
Explanation:
Cash received from customers:
Sales on account 139,000
Beginning Account Receivable 64,000
Total amount to be collected 203,000
Ending Account Receivable (25,000)
Received from customer 178,000
The beginning AR and the sales on account are all the cash we can collect for the period from our customer.
The ending AR is the amount not collected from. If we had collected all the ending account receivable should be zero. It has an ending balance, so some account weren't collected. We will subtract them from the total sales to be collected.
The account payable: Refers to debt form the firm to his suppliers. It has no relationship with the customer. Is irrelevant.
