During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales. The accounts receivable balances were $400,000 and $485,000 at December 31, 2016 and 2017, respectively.
Required:
What was Kew Company’s cash receipts from sales in 2017?
Answers: 2
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During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credi...
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