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Montana company's 2021 financial statements had the following information. A note disclosed that the allowance for uncollectible accounts had a balance of $19 and $43

Montana company's 2021 financial statements had the following information. A note disclosed that the allowance for uncollectible accounts had a balance of $19 and $43 at the end of 2021 and 2020, respectively. Bad debt expense for 2021 was $40. Assume all sales are made on a credit basis.

2021 2020
Accounts Receivable, net $3,677 $3,241
Sales Revenue $34,350 $32,376

Calculate the amount of cash received from customers during 2021

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Recommended Textbook for

Treasury Financial Manual Volume 1 Book 2

Authors: US Treasury

1st Edition

1790318432, 978-1790318438

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