Butler Corp. reported the following in the Current Assets section of its comparative balance sheets: .............................................12/31/17........................ 12/31/16
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Butler Corp. reported the following in the Current Assets section of its comparative balance sheets:
.............................................12/31/17........................ 12/31/16
Current Assets:
Accounts receivable .........$12,500 ..........................$15,300
The company uses the direct method on its statement of cash flows and reported that it collected $45,200 during 2017 from its customers. Determine sales revenue for 2017.
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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