Balance $7,190 Inventory, 1/1/22 Accounts Receivable, 1/1/22 3,564 Supplies 17,200 Salaries Expense ??? Net Revenue The...
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Balance $7,190 Inventory, 1/1/22 Accounts Receivable, 1/1/22 3,564 Supplies 17,200 Salaries Expense ??? Net Revenue The account balances for KinderMorgan are listed below. All balances are as of December 31, 2022, except where noted: Account Title Accounts Payable Accumulated Depreciation Building Account Title Balance $1,630 6,000 9,000 46,204 Cash 8,200 Rent Expense 6,280 Common Stock 36,000 Retained Earnings, 1/1/22 18,780 Delivery Truck 7,800 Equipment 12,600 Depreciation Expense Dividends Marketable Equity Securities 3,370 Prepaid Expenses 2,100 1,700 Cost of Goods Sold 13,080 2,700 Notes Payable (due 2024) 4,300 Accounts Receivable, 12/31/22 4,200 Inventory, 12/31/22 2,930 Determine the Accounts Receivable Turnover Ratio: Balance $7,190 Inventory, 1/1/22 Accounts Receivable, 1/1/22 3,564 Supplies 17,200 Salaries Expense ??? Net Revenue The account balances for KinderMorgan are listed below. All balances are as of December 31, 2022, except where noted: Account Title Accounts Payable Accumulated Depreciation Building Account Title Balance $1,630 6,000 9,000 46,204 Cash 8,200 Rent Expense 6,280 Common Stock 36,000 Retained Earnings, 1/1/22 18,780 Delivery Truck 7,800 Equipment 12,600 Depreciation Expense Dividends Marketable Equity Securities 3,370 Prepaid Expenses 2,100 1,700 Cost of Goods Sold 13,080 2,700 Notes Payable (due 2024) 4,300 Accounts Receivable, 12/31/22 4,200 Inventory, 12/31/22 2,930 Determine the Accounts Receivable Turnover Ratio:
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