On January 1, 2020, Glass Industries Accounts Receivable balance was $18,500; on December 31, 2020, it was

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On January 1, 2020, Glass Industries’ Accounts Receivable balance was $18,500; on December 31, 2020, it was $16,000. Sales revenue for the year was $150,000.

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Calculate the cash received from customers in 2020.

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Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

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Question Posted: May 05, 2021 06:14 AM

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On January 1, 2020, Glass Industries Accounts Receivable balance was $18,500; on December 31, 2020, it was

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