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During 2025, Crane inc, had sales on account of $556000, cash sales of $236000, and collections on account of $345000. In addition, they collected $7700
During 2025, Crane inc, had sales on account of $556000, cash sales of $236000, and collections on account of $345000. In addition, they collected $7700 which had been written off as uncollectible in 2024. 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 $447000 increase $203300 increase. 5439300 increase. $211000 increase
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