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a. Beginning and ending Accounts Receivable were $26,000 and $29,000, respectively. Credit sales for the period totaled $61,000. How much were the cash collections from
| a. | Beginning and ending Accounts Receivable were $26,000 and$29,000, respectively. Credit sales for the period totaled$61,000. How much were the cash collections from customers?
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| b. | Cost of Goods Sold was $77,000. Beginning Inventory was$26,000, and Ending Inventory was$24,000. Beginning and ending Accounts Payable were$10,000 and$11,000, respectively. How much were the cash payments for inventory? |
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Victorian Literature And Finance
Authors: Francis O'Gorman
1st Edition
0199281920, 978-0199281923
