14 . Partial balance sheets and additional information are listed below for Funk Company.

Funk Company
Partial Balance Sheets
as of December 31
	2018			2017
Assets
Cash	$	40,000		$	20,000
Accounts receivable		94,000			90,000
Inventory		25,000			40,000
Liabilities
Accounts payable	$	58,000		$	72,000

Additional information for 2018: Net income was $170,000. Depreciation expense was $30,000. Sales totaled $800,000. Cost of goods sold totaled $325,000. Required: Prepare the summary entry for the amount of cash received from customers during 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

19. Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below.

Situation	Sales revenue			Accounts receivable Increase (Decrease)			Cash received from customers
1	$	200,000		$	10,000		?
2		200,000			(10,000	)	?
3		100,000			(15,000	)	?
4		100,000			15,000		?

Prepare the Summary entries

1. record the entry for situation 1

2. record the entry for situation 2

3. record the entry for situation 3

4. record the entry for situation 4