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Use the following excerpts from Algona Companys financial statements and complete the worksheet below to determine cash received from customers in 2018. PLEASE NOTE: You
Use the following excerpts from Algona Companys financial statements and complete the worksheet below to determine cash received from customers in 2018.
PLEASE NOTE: You are to follow the format shown in the textbook.
Cash Collected from Sales Revenue | |
[ Select ]["Accrual Basis Sales", "Ending Accounts Receivable", "Potential Cash Collected", "Cash collected from customers this period", "Beginning Balance Accounts Receivable"] | [ Select ]["$805,000", "$700,000", "$105,000", "$720,000", "$85,000"] |
[ Select ]["Accrual Basis Sales", "Cash collected from customers this period", "Ending Balance Accounts Receivable", "Beginning Balance Accounts Receivable", "Potential Cash Collected"] | [ Select ]["$85,000", "$720,000", "$805,000", "$700,000", "$108,000"] |
[ Select ]["Accrual Basis Sales", "Potential Cash Collected", "Ending Balance Accounts Receivable", "Beginning Balance Accounts Receivable", "Cash collected from customers this period"] | [ Select ]["$805,000", "$105,000", "$700,000", "$720,000", "$85,000"] |
[ Select ]["Ending Balance Accounts Receivable", "Potential Cash Collected", "Accrual Basis Sales", "Cash collected from customers this period", "Beginning Balance Accounts Receivable"] | [ Select ]["$700,000", "$85,000", "$105,000", "$720,000", "$805,000"] |
[ Select ]["Ending Balance Accounts Receivable", "Beginning Balance Accounts Receivable", "Potential Cash Collected", "Cash collected from customers this period", "Accrual Basis Sales"] | [ Select ]["$805,000", "$720,000", "$85,000", "$105,000", "$700,000"] |
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