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Horton Housewares' accounts receivable decreased during the year by $5 million. Required: What is the amount of cash Horton received from customers during the reporting
Horton Housewares' accounts receivable decreased during the year by $5 million. Required: What is the amount of cash Horton received from customers during the reporting period if its sales were $33 million? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period. Complete this question by entering your answers in the tabs below. Cash Received General Journal What is the amount of cash Horton received from customers during the reporting period if its sales were $33 million? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Cash million ClRee General Journal > Journal entry worksheet Record the net effect of the selling and collection activities, Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal
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