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​Boulevard, Inc. uses the direct method to prepare its statement of cash flows. Use the following information reported for​ 2019: Sales​ Revenue, $43,000 Interest​ Revenue, $600 Accounts​ Receivable, beginning​ balance, $13,400 Accounts​ Receivable, ending​ balance, $26,000 There were no amounts reported for Interest Receivable. Compute the total cash receipts.

Respuesta :

Answer:

The total cash receipts is $31,000.

Explanation:

Sales Revenue : The revenue which is earned through selling of products and services to the customer during a particular year is known as sales revenue

Interest Revenue: The revenue which is earned through interest is called interest revenue.

For computing the total cash receipts, the equation is shown below:

= Beginning balance of Accounts receivable + Sales Revenue - Closing balance of Accounts Receivable + Interest Revenue

= $13,400 + $43,000 - $26,000 + 600

= $31,000

Hence, the total cash receipts is $31,000

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