
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Answer? ? General Accounting question

Transcribed Image Text:Mountain Sports Equipment reported net sales of $425,000 on
their 2024 income statement. Their accounts receivable
balance decreased from $78,000 at the beginning of the year
to $45,000 at the end of the year. Calculate the total cash
collected from customers during 2024.
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