Question: Partial balance sheets and additional iaformation are listed below for Funk Company Funk Company Partial Balance Sheets as of December 31 2018 917 Assets Cash

 Partial balance sheets and additional iaformation are listed below for Funk

Partial balance sheets and additional iaformation are listed below for Funk Company Funk Company Partial Balance Sheets as of December 31 2018 917 Assets Cash Accounts receivable Inventory Liabilities Accounts payable $44,e00 $22,000 96,800 91,600 27,800 44,000 $60,80 $76,00 Additional information for 2018: Net income was $174,000. Depreciation expense was $34,000. Sales totaled $840,000. Cost of goods sold totaled $329,000. Required: Prepare the summary entry for the amount of cash received from customers during 2018. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for the amount of cash received from customers during 2018

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