Harbinger Corporation reports the following balances: As of 12/31/19 As of 12/31/20 Accounts Receivable 70,000 80,000 (Gross) Inventory Accounts Payable 140,000 135,000 55,000 160,000 165,000 45,000 Unearned Revenue Year ended 12/31/20 Year ended 12/31/19 470,000 220,000 Sales 500,000 230,000 Cost of Goods Sold How much Cash did Harbinger collect from customers in 2020?

Harbinger Corporation reports the following balances: As of 12/31/19 As of 12/31/20 Accounts Receivable 70,000 80,000 (Gross) Inventory Accounts Payable 140,000 135,000 55,000 160,000 165,000 45,000 Unearned Revenue Year ended 12/31/20 Year ended 12/31/19 470,000 220,000 Sales 500,000 230,000 Cost of Goods Sold How much Cash did Harbinger collect from customers in 2020?

Name: Harbinger Corporation reports the following balances:As of12/31/20As
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Description: Harbinger Corporation reports the following balances:As of12/31/20As of12/31/19Accounts Receivable70,00080,000(Gross)InventoryAccounts Payable140,000135,00055,000160,000165,00045,000Unearned RevenueYear endedYear ended12/31/2012/31/19Sales500,000230

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 27CE: Inventory Analysis Singleton Inc. reported the following information for the current year: Required:...

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