ACCT 102 Summer I 2020 Archie_901 courtney barnaby & I Homework: Chapter 14 HW B Score: 0 of 1 pt 5 of 5 (4 complete) HW Score: ECA-29 (similar to) Consider the following facts: a. Beginning and ending Accounts Receivable are $21,000 and $18,000, respectively. Credit sales for the period total $67,000 b. Cost of goods sold is $80,000 c. Beginning Merchandise Inventory balance is $25,000, and ending Merchandise Inventory balance is $22,000. d. Beginning and ending Accounts Payable are $16,000 and $17,000, respectively Requirements 1. Compute cash collections from customers. 2. Compute cash payments for merchandise inventory Requirement 1. Compute cash collections from customers. Select the labels and enter the amounts to compute cash collections from customers. (Abbreviations used: Beg. = Beginning, End = Ending) Cash receipts from customers + + Choose from any list or enter any number in the input fields and then click Check Answer 1 part Clear All Chei remaining