Sales reported on the income statement were $58,400. The accounts receivable balance decreased…


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29.99

Sales reported on the income statement were $58,400. The accounts receivable balance decreased… 1 answer below » Sales reported on the income statement were $58,400. The accounts receivable balance decreased $2,100 over the year. Determine the amount of cash received from customers. Cost of merchandise sold reported on the income statement was $568,000. The accounts payable balance decreased $28,000, and the inventory balance decreased by $39,000 over the year. Determine the amount of cash paid for merchandise. Cost of merchandise sold reported on the income statement was $111,000. The accounts payable balance increased $5,700, and the inventory balance increased by $8,400 over the year. Determine the View complete question » Sales reported on the income statement were $58,400. The accounts receivable balance decreased $2,100 over the year. Determine the amount of cash received from customers. Cost of merchandise sold reported on the income statement was $568,000. The accounts payable balance decreased $28,000, and the inventory balance decreased by $39,000 over the year. Determine the amount of cash paid for merchandise. Cost of merchandise sold reported on the income statement was $111,000. The accounts payable balance increased $5,700, and the inventory balance increased by $8,400 over the year. Determine the amount of cash paid for merchandise. View less » Jul 18 2014 01:00 PM

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29.99