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Idol corporation has account receivable of $14,000 at Jan 1 and $ 24,000 at Dec 31. it also has a refund liability of $1,000 at
Idol corporation has account receivable of $14,000 at Jan 1 and $ 24,000 at Dec 31. it also has a refund liability of $1,000 at Jan 1 & $ 1,700 at Dec 31, Sales were $ 170,000 for the year What amount of cash did the company receive from customer?
Calculate cash payment to supplier - direct method.
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