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If the company debited Accounts Receivable and credited Sales for $1, 140,000 during the year what is the total amount of credits recorded in Accounts
If the company debited Accounts Receivable and credited Sales for $1, 140,000 during the year what is the total amount of credits recorded in Accounts Receivable during the year? During the year. Ravenna paid a $11, 400 cash dividend and it sold a piece of equipment for $5, 700 that had originally cost $13, 200 and had accumulated depreciation of $8, 800. The company did not retire any bonds or repurchase any or its own common stock during the year. Required: What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the company's statement of cash flows? Net in cash and cash equivalents What net income would the company include on its statement of cash flows? How much depreciation would the company add to net income on its statement of cash flows? Depreciation a. If the company debited Accounts Receivable and credited Sales for $1, 140,000 during the year what is the total amount of credits recorded in Accounts Receivable during the year? Amount of credits recorded a. What is the amount and direction (+ or -) of the accounts receivable adjustment to net income in the operating activities section of the statement of cash flows
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