(Using an accounting equation spreadsheet to determine missing information, LO 2) Use an accounting equation spreadsheet and...
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(Using an accounting equation spreadsheet to determine missing information, LO 2) Use an accounting equation spreadsheet and the following information to determine the amount of cash that was collected from customers during November 2004:
a. On November 1, 2004 the balance in the accounts receivable account was
$175,000.
b. During November 1, 2004 sales of $220,000 were made on credit.
c. The balance in the accounts receivable account on November 30, 2004 was
$190,000.
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