Brief Exercise 184 (Part Level Submission)

The general ledger of the Summer Company provides the following information:

		End of Year		Beginning of Year
Accounts Receivable		$64,000		$84,000
Inventory		240,000		205,000
Accounts Payable		42,000		62,000

The company's net sales for the year was $2,000,000 and cost of goods sold amounted to $1,700,000. Compute the following:

(a)

Compute cash receipts from customers

Cash receipts from customers

$Enter cash receipts from customers in dollars

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