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During the current year, Tachnic, Inc., made cash sales of $285,000 and credit sales of $460,000.During the year, accounts receivable decreased by $32,000. a-1. Compute
During the current year, Tachnic, Inc., made cash sales of $285,000 and credit sales of $460,000.During the year, accounts receivable decreased by $32,000. a-1. Compute the current year amount of net sales reported as revenue in the income statement. (Omit the "$" sign in your response.) Net sales $ a-2. Compute the current year amount of cash received from collecting accounts receivable. (Omit the "$" sign in your response.) Collections from accounts receivable $ a-3. Compute the current year amount of cash received from customers. (Omit the "$" sign in your response.) Cash received from customers $
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