Faith Company provided the following information relating to current operations: 4,000,000 8,400,000 2,000,000 4,800,000 4,400,000 8,000,000 4,200,000 Accounts receivable, January 1 Accounts receivable collected Cash sales Inventory, January 1 Inventory, December 31 Purchases Gross margin on sales What is the balance of accounts receivable on December 31?
Faith Company provided the following information relating to current operations: 4,000,000 8,400,000 2,000,000 4,800,000 4,400,000 8,000,000 4,200,000 Accounts receivable, January 1 Accounts receivable collected Cash sales Inventory, January 1 Inventory, December 31 Purchases Gross margin on sales What is the balance of accounts receivable on December 31?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4BE
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