Question
During 2022 Vaughn Manufacturing had sales on account of $565000, cash sales of $241000, and collections on account of $337000. In addition, they collected $7000
During 2022 Vaughn Manufacturing had sales on account of $565000, cash sales of $241000, and collections on account of $337000. In addition, they collected $7000 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
