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Use the following excerpts from Brownstone Companys financial statements and complete the worksheet below to determine cash received from customers in 2018. PLEASE NOTE: You
Use the following excerpts from Brownstone 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 ]["Cash collected from Customers", "Beginning balance, Accounts Receivable", "Accrual Basis Sales", "Ending balance, Accounts Receivable", "Potential Cash Collected"] | [ Select ] ["$240,000", "$20,000", "$215,000", "$25,000", "$220,000"] |
[ Select ]["Beginning balance, Accounts Receivable", "Potential Cash Collected", "Accrual Basis Sales", "Cash collected from Customers", "Ending balance, Accounts Receivable"] | [ Select ]["$240,000", "$215,000", "$25,000", "$20,000", "$220,000"] |
[ Select ]["Accrual Basis Sales", "Potential Cash Collected", "Cash collected from Customers", "Beginning balance, Accounts Receivable", "Ending balance, Accounts Receivable"] | [ Select ]["$240,000", "$220,000", "$20,000", "$215,000", "$25,000"] |
[ Select ]["Cash collected from Customers", "Beginning balance, Accounts Receivable", "Potential Cash Collected", "Ending balance, Accounts Receivable", "Accrual Basis Sales"] | [ Select ]["$25,000", "$215,000", "$240,000", "$220,000", "$20,000"] |
[ Select ]["Accrual Basis Sales", "Potential Cash Collected", "Beginning balance, Accounts Receivable", "Ending balance, Accounts Receivable", "Cash collected from Customers"] | [ Select ]["$220,000", "$215,000", "$20,000", "$240,000", "$25,000"] |
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