Question: Partial balance sheets and additional information are listed below for Funk Company. Additional information for 2024 : Net income was $172,000. Depreciation expense was $32,000.

Partial balance sheets and additional information are listed below for Funk Company. Additional information for 2024 : Net income was $172,000. Depreciation expense was $32,000. Sales totaled $820,000. Cost of goods sold totaled $327,000. Requlred: Prepare the summary entry for the amount of cash recelved from customers during 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" In the firs Journal entry worksheet Record the entry for the amount of cash received from customers during 2024

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