Question

April Wood Products' accounts receivable increased during the year by $4 million. Its bad debt expense was $2 million, and its allowance for uncollectible accounts increased by $1 million. What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $44 million? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period.



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  • CreatedJuly 11, 2013
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