Question: Partial balance sheets and additional information are listed below for Funk Company Funk Company Partial Balance Sheets as of December 31 201828 Assets Cash Accounts

 Partial balance sheets and additional information are listed below for Funk

Partial balance sheets and additional information are listed below for Funk Company Funk Company Partial Balance Sheets as of December 31 201828 Assets Cash Accounts receivable Inventory Liabilities Accounts payable $35,00 $17,500 91,580 88,080 22,580 35,880 $55,500 $67,000 Additional information for 2018 Net income was $165,000 Depreciation expense was $25,000 Sales totaled $750,000 Cost of goods sold totaled $320,000 Required Prepare the summary entry for the amount of cash received from customers during 2018. (If no entry is required for a 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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