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On January 1, 2020, Glass Industries' Accounts Receivable balance was $18,500; on December 31, 2020, it was $16,000. Sales revenue for the year was $150,000.
On January 1, 2020, Glass Industries' Accounts Receivable balance was $18,500; on December 31, 2020, it was $16,000. Sales revenue for the year was $150,000. Calculate the cash received from customers in 2020. Cash received from customers $ At the end of 2019, Seiford Enterprises' Accounts Payable balance was $327,000; at the end of 2020, it was $243,000. Assume that the company purchased $1,900,000 of inventory during 2020 and that Cost of Goods Sold for 2020 was $1,950,000. Calculate the company's cash payments to suppliers in 2020. Cash payments to suppliers $
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