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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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