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The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS. Sales $ 4
The following information is from the balance sheet and income statement of Lewiston Company. Using the information, compute CASH COLLECTED FROM CUSTOMERS.
Sales $
Cost of goods sold
Interest expense
Depreciation expense
Net income $
Adjustments:
a Interest payable DECREASED by $
b Accounts receiveable DECREASED by $
c Inventory INCREASED by $
d Accounts payable DECREASED by $ Note all accounts payable related to inventory purchases.
Using the information, compute CASH COLLECTED FROM CUSTOMERS.
$
$
$
$
$
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