The Accounts Receivable account has a beginning balance of $20,000 and the company provides services of $70,000 on account during the month. The ending balance was $21,000. How much did the company receive from customers during the month?

$69,000

Explanation:

Data provided

Beginning balance = $20,000

Sales = $70,000

Ending balance = $21,000

The computation of company receive from customers during the month is shown below:-

Cash received from the customers = Beginning balance + Sales - Ending balance

= $20,000 + $70,000 - $21,000

= $90,000 - $21,000

= $69,000

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