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April Wood Products' accounts recelvable increased during the year by $3.0 million. Required: What is the amount of cash April Wood Products recelved from customers
April Wood Products' accounts recelvable increased during the year by $3.0 million. Required: What is the amount of cash April Wood Products recelved from customers during the reporting period If Its sales were $40.5 million? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period. Complete this question by entering your answers in the tabs below. What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $40.5 million? Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Cash million Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period. Note: Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). If no entry is requirec transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 Record the net effect of the selling and collection activities. Note: Enter debits before credits
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