For the month of December 2017, Ranger Corporation's records show the following information: Cash received on accounts

Question:

For the month of December 2017, Ranger Corporation's records show the following information:
Cash received on accounts receivable......................$35,000
Cash sales........................................................30,000
Accounts receivable, December 1, 2017.....................80,000
Accounts receivable, December 31, 2017...................74,000
Accounts receivable written off as uncollectible............1,000
Required:
Determine the gross sales for the month of December 2017.
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Related Book For  book-img-for-question

Financial Reporting and Analysis

ISBN: 978-1259722653

7th edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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