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Cheong’s Chinese Herbs Ltd has Accounts Receivable of $14 000 at 1 July 2015, and $24...

Cheong’s Chinese Herbs Ltd has Accounts Receivable of $14 000 at 1 July 2015, and $24 000 at 30 June 2016. Sales revenues were $600 000 for 2016. Bad debts written off directly against Accounts Receivable were $2000 in 2016. What is the amount of cash receipts from customers in 2016?

Calculate cash payments for operating expenses — direct method. ( with workings)

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