Horton Housewares' accounts receivable decreased during the year by $$14\mathrm{.}0$ million.

Required:

What is the amount of cash Horton received from customers during the reporting period if its sales were $$53$ 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

$\backslash$table$[[$General$],[$Journal$]]$

What is the amount of cash Horton received from customers during the reporting period if its sales were $$53$ million?

Note: Enter your answer in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

million

Horton Housewares' accounts receivable decreased during the year by $$14\mathrm{.}0$ million.

Required:

What is the amount of cash Horton received from customers during the reporting period if its sales were $$53$ 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.

General

Journal

Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period.

Note: Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$ If no entry is required transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

Record the net effect of the selling and collection activities.