Use the following excerpts from Brownstone Company’s financial statements and complete the worksheet below to determine cash received from customers in 2018. From Balance Sheets Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $25,000 $20,000 From Income Statement: 2018 Sales 220,000 PLEASE NOTE: You are to follow the format shown in the textbook. Cash Collected from Sales Revenue ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""]
Use the following excerpts from Brownstone Company’s financial statements and complete the worksheet below to determine cash received from customers in 2018. From Balance Sheets Dec. 31, 2018 Dec. 31, 2017 Accounts Receivable $25,000 $20,000 From Income Statement: 2018 Sales 220,000 PLEASE NOTE: You are to follow the format shown in the textbook. Cash Collected from Sales Revenue ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""] ["", "", "", "", ""]
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 17EB: Use the following excerpts from Brownstone Companys financial statements to determine cash received...
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6.
Use the following excerpts from Brownstone Company’s financial statements and complete the worksheet below to determine cash received from customers in 2018.
From Balance Sheets Dec. 31, 2018 Dec. 31, 2017
Accounts Receivable $25,000 $20,000
From Income Statement: 2018
Sales 220,000
PLEASE NOTE: You are to follow the format shown in the textbook.
| Cash Collected from Sales Revenue | |
| ["", "", "", "", ""] | ["", "", "", "", ""] |
| ["", "", "", "", ""] | ["", "", "", "", ""] |
| ["", "", "", "", ""] | ["", "", "", "", ""] |
| ["", "", "", "", ""] | ["", "", "", "", ""] |
| ["", "", "", "", ""] | ["", "", "", "", ""] |
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