#9: Accounts Receivable, beg. 150,000.00; Accounts Receivable, end 125,000.00; Cash Collection from Sales on Account 1,675,000.00. The net sales from customers on cash amounted to __________ if the net sales from on-account customers is 40% of the total Net Sales. (Round your answers to the nearest 2 decimal places)
#9: Accounts Receivable, beg. 150,000.00; Accounts Receivable, end 125,000.00; Cash Collection from Sales on Account 1,675,000.00. The net sales from customers on cash amounted to __________ if the net sales from on-account customers is 40% of the total Net Sales. (Round your answers to the nearest 2 decimal places)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 49BE: Accounts Receivable Balance Hart Inc. began the year with $315,700 of accounts receivable. During...
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