Question
At January 1, 2020, Ivanhoe Inc. had accounts receivable of $71,000. At December 31, 2020, accounts receivable is $50,000. Sales revenue for 2020 total $417,000.
At January 1, 2020, Ivanhoe Inc. had accounts receivable of $71,000. At December 31, 2020, accounts receivable is $50,000. Sales revenue for 2020 total $417,000. Compute Ivanhoes 2020 cash receipts from customers.
| Cash receipts from customers |
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
