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Firm JJJ makes sales in three ways. Either they collect the cash from customers first (deposits) and do the work sometime later. Or they do

Firm JJJ makes sales in three ways. Either they collect the cash from customers first (deposits) and do the work sometime later. Or they do the work on credit and collect the cash sometime later. And they also have simple cash sales: where they do the work and immediately get cash from customers. They also have no customer defaults so dont worry about that.The following is all the information you need to identify to calculate how many TOTAL SALES they recorded in the year.

  • Cash deposits for future work received during the quarter were $30
  • The beginning balance in Unearned Revenue account was $18
  • The ending balance in Unearned Revenue account was $33
  • Cash Collections from customers for work done previously (not deposits) were $255
  • The beginning balance in Accounts Receivable account was $70
  • The ending balance in Accounts Receivable account was $53
  • Cash Collections from customers immediately at the time of the work: $247

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