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Home Q & A Board Other Fields Homework Help Business Accounting
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edilsondiaz318 edilsondiaz318
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5 years ago
Gitis, Inc. uses the direct method to prepare its statement of cash flows. Use the following information reported for 2017:

Sales Revenue, $40,000
Interest Revenue, $700
Accounts Receivable, beginning balance, $13,200
Accounts Receivable, ending balance, $28,000
There were no amounts reported for Interest Receivable.

Compute the total cash receipts.
A) $28,000
B) $53,200
C) $25,900
D) $13,200
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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allyddallydd
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