Zhu Guzman Associates provides the following information. Zhu Guzman Associates Partial Balance Sheets as of December 31 2021 2020 Assets Cash $ 38,000 $ 19,000 Accounts receivable 93,000 89,200 Inventory 24,000 38,000 Liabilities Accounts payable $ 57,000 $ 70,000

In addition, for 2021:

Net income was $168,000.

Depreciation expense was $28,000.

Sales totaled $780,000.

Cost of goods sold totaled $323,000.

Required:

Prepare the summary entry for the amount of cash received from customers during 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)