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E11-25A (similar to) Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $20,000 and $17,000, respectively.
E11-25A (similar to) Requirements Calculate the following items for the statement of cash flows: a. Beginning and ending Accounts Receivable were $20,000 and $17,000, respectively. Credit sales for the period totaled $69,000. How much were the cash collections from customers? b. Cost of Goods Sold was $81,000. Beginning Inventory was $27,000, and Ending Inventory was $21,000. Beginning and ending Accounts Payable were $29,000 and $24,000, respectively. How much were the cash payments for inventory? Requirement a. Beginning and ending Accounts Receivable were $20,000 and $17,000, respectively. Credit sales for the period totaled $69,000. How much were the cash collections from customers? Cash collections from customers are $
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