At January 1, 2023, Stratford Solutions, Inc. had accounts receivable of $85,000. At December 31, 2023, accounts receivable is $65,000. Sales for 2023 total $500,000. Compute Stratford's 2023 cash receipts from customers.

At January 1, 2023, Stratford Solutions, Inc. had accounts receivable of $85,000. At December 31, 2023, accounts receivable is $65,000. Sales for 2023 total $500,000. Compute Stratford's 2023 cash receipts from customers.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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Can you please give answer the general accounting question?

At January 1, 2023, Stratford Solutions, Inc. had accounts receivable
of $85,000. At December 31, 2023, accounts receivable is $65,000.
Sales for 2023 total $500,000. Compute Stratford's 2023 cash
receipts from customers.

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