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Exercise 21-4 (Static) Summary entries for cash received from customers [LO21-3] For each of the three independent situations determine the amount of cash received from

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Exercise 21-4 (Static) Summary entries for cash received from customers [LO21-3] For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd General from Cust Journal Determine the amount of cash received from the customers. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) 4 Situation Sales Accounts Receivable Cash Received Revenue Increase (Decrease) from Customers 1 200 0 2 200 10 200 (10) C Cash Rood from Cat General Journal > 3

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