Question
Sales revenue for Marshall Mattresses was $240,000. The following data are from the accounting records of Marshall: Bad debt expense $2,000 Accounts receivable decrease 5,000
Sales revenue for Marshall Mattresses was $240,000. The following data are from the accounting records of Marshall:
Bad debt expense $2,000
Accounts receivable decrease 5,000
Allowance for uncollectible accounts increase 3,000
The cash received from customers was:
(A)$235,000
(B)$244,000
(C)$245,000
(D)$246,000
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Essentials Of Forensic Accounting
Authors: Michael A Crain, William S Hopwood
2nd Edition
1948306441, 978-1948306447
