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Determine cash received from customers [LO21-3] Horton Housewares' accounts receivable decreased during the year by $16.0 million a. What is the amount of cash Horton

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Determine cash received from customers [LO21-3] Horton Housewares' accounts receivable decreased during the year by $16.0 million a. What is the amount of cash Horton received from customers during the reporting period if its sales were $62.5 million? (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) b. Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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