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Use the following excerpts from Algona Companys financial statements. From Balance Sheets: Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $86,000 $109,000 From Income Statement:
Use the following excerpts from Algona Companys financial statements.
| From Balance Sheets: | Dec. 31, 2018 | Dec. 31, 2017 | |
| Accounts Receivable | $86,000 | $109,000 | |
| From Income Statement: | 2018 | ||
| Sales | $740,000 |
Determine cash received from customers in 2018.
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
