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MCQ On May 1, Raintree Store paid $6,000 to Iceberg Realty for six months rent, starting May 1. Prepaid rent was debited for the full

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MCQ On May 1, Raintree Store paid $6,000 to Iceberg Realty for six months rent, starting May 1. Prepaid rent was debited for the full amount. If financial statements are prepared on May 31, the adjusting entry to be made by Raintree Store is MCQ Assume the 2020 income statement reported total sales revenue of $175,000. The 2019-2020, comparative statements of financial position showed that trade receivables increased by $10,000, What was the "cash inflow from customers" for 2020

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