Question: Using the following information, compute cash collected from customers . Write the dollar amount of your answer. (Do not write the dollar sign.) Sales $8,000

Using the following information, compute cash collected from customers. Write the dollar amount of your answer. (Do not write the dollar sign.)

Sales $8,000

Cost of goods sold 5,800

Operating expenses 800

End of Year Beginning of Year

Prepaid operating expenses $100 $700

Accounts payable 1,350 1,200

Inventory 500 2,100

Accounts receivable 800 1,200

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