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Use the following information about the current year's operations of a company to calculate the cash received from customers. Sales $ 100,000 Accounts receivable, January
Use the following information about the current year's operations of a company to calculate the cash received from customers.
| Sales | $ | 100,000 | |
| Accounts receivable, January 1 | 25,000 | ||
| Accounts receivable, December 31 | 32,000 | ||
| Accounts payable, January 1 | 52,000 | ||
| Accounts payable, December 31 | 62,000 |
| $68,000. | ||
| $157,000. | ||
| $93,000 | ||
| $100,000. | ||
| $125,000. |
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Audit And Accounting Guide Employee Benefit Plans
Authors: American Institute Of Certified Public Accountants
1st Edition
