Benezra SA, a large company in Brazil, reported a balance of R$1.6 billion in accounts receivable at the beginning of 2009, R$1.5 billion at the end of 2009. Its income statement reported total sales revenue of R$12,000 million for 2009. Assuming that Benezra does all the sales accounting. Calculate the amount of cash collected from the customer?

Assets paid in advance are valued on the balance sheet at

2. For the following independents, make the appropriate journal entry to record the transaction

A. The company collected a note receivable of $8,000 on January 2.

B. You paid a note payable of $10,000 on January 2.

C. Inventory of merchandise purchased for $30,000 on January 21 with payment of $16,000 in cash and the rest on credit.

D. Issued an additional 400 shares of common stock at $125 per share on January 28. The par value of the shares is E$100. On January 11, 2009, the company paid €40,000 in cash to rent office space, furniture, and warehouse space for 12 months beginning January 1, 2009.

F. On February 20, the company received €22,000 from a customer for future shipments of goods.

G. March 12, the company sells merchandise at a sale price of €70,000, the merchandise sold had Dugan €40,000, the customer agreed to pay Dugan in the second quarter