Question
Question Content Area The following selected account balances appear on the financial statements of Washington Company: Accounts Receivable, January 1 $16,469 Accounts Receivable, December 31
Question Content Area The following selected account balances appear on the financial statements of Washington Company: Accounts Receivable, January 1 $16,469 Accounts Receivable, December 31 6,481 Accounts Payable, January 1 5,234 Accounts Payable, December 31 7,947 Merchandise Inventory, January 1 8,025 Merchandise Inventory, December 31 15,141 Sales 69,315 Cost of Merchandise Sold 35,343 Washington Company uses the direct method to determine net cash flows from operating activities. Cash received from customers during the year is a.$59,327 b.$69,315 c.$79,303 d.$92,484
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