For the month of December 2017, Ranger Corporation's records show the following information: Cash received on accounts
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Question Posted: