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Business, 18.08.2020 20:01 sandy6265

During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credit sales. The accounts receivable balances were $400,000 and $485,000 at December 31, 2016 and 2017, respectively. Required:
What was Kew Company’s cash receipts from sales in 2017?

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During 2017, Kew Company, a service organization, had $200,000 in cash sales and $3,000,000 in credi...
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