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Riggins Motors buys and sells used cars. Riggins made the following sales during January and February: Three cars were sold to Taylor Taxi for a
Riggins Motors buys and sells used cars. Riggins made the following sales during January and February: Three cars were sold to Taylor Taxi for a total of $75,000; the cars were delivered to Taylor on January 17. Taylor paid Riggins $20,000 on January 17 and the remaining $55,000 on February 12. One car was sold to Street Classics for $29,000. The car was delivered to Street on January 25. Street paid Riggins on February 1. Required: Calculate the
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