During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales.

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During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales. The accounts receivable balances were $400,000 and $485,000 at December 31, 2016 and 2017, respectively.

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What was Kew Company’s cash receipts from sales in 2017?

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: Mar 26, 2020 08:52 AM

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During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales.

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account receivable in 2016400000 account receivable ... View the full answer

Financial Reporting and Analysis

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