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Cash received fr Sales (Bal fig.) Activity 4 The balance on the receivables control account of Stephens & sons at the end of last year
Cash received fr Sales (Bal fig.) Activity 4 The balance on the receivables control account of Stephens & sons at the end of last year was s12,000, The total cash received from customers during the year was $40,000. A review of outstanding sales invoices, unpaid at the year end showed a total of s16,000. Prepare the receivables control account. 53
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