For the calendar year 2019, Sanchez Inc. had the following items that affected the accounts...
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Accounting
For the calendar year 2019, Sanchez Inc. had the following items that affected the accounts receivable account: $6,400,000 of credit sales, $240,000 in write-offs, and $8,000 of recoveries. The beginning and ending accounts receivable balances reported on the financial statements were $2,700,000 and $4,300,000, respectively. How much cash did Palmer Sanchez from credit customers in 2019?
Select one:
a. $4,568,000
b. $7,768,000
c. $4,808,000
d. $5,032,000
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