In 2021, the Hope Company incurred sales on account of $197,000. The company also has the following
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In 2021, the Hope Company incurred sales on account of $197,000. The company also has the following information:
December 31, 2021 | December 31, 2020 | |||||
accounts receivable | ps | 30,000 | ps | 54.000 | ||
Accounts payable | ps | 68,000 | ps | 42,500 | ||
What is the amount of cash received from Hope Company customers in 2021?
Related Book For
Principles of Accounting
ISBN: 978-0618736614
10th edition
Authors: Belverd Needles, Marian Powers, Susan Crosson
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