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River Company began the accounting period with a $70,000 debit balance in its Accounts Receivable account. During the accounting period, River Company earned revenue
River Company began the accounting period with a $70,000 debit balance in its Accounts Receivable account. During the accounting period, River Company earned revenue on account of $302,100. The ending Accounts Receivable balance was $51,000. Required Based on this information alone, determine the amount of cash inflow from operating activities during the accounting period. (Hint: Use a T-account for Accounts Receivable. Enter the debits and credits for the given events, and solve for the missing amount.) Cash inflow from operating activities
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