Cash receipts: Cash receipts refer to the amounts that are received from the customers on a daily basis for the sale of goods and services. (Increase)/decrease for the same during a particular period is (deducted) from/added back to sales to determine the total receipts during the given period. Given information: Accounts receivable as on January 1, 2017: $72,000.00 Accounts receivable as on December 31, 2017: $54,000.00 Total sales: $420,000.00 To determine cash receipts from customers for 2017.

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Chapter 23, Problem 6BE

To determine

Cash receipts: Cash receipts refer to the amounts that are received from the customers on a daily basis for the sale of goods and services. (Increase)/decrease for the same during a particular period is (deducted) from/added back to sales to determine the total receipts during the given period.

Given information: Accounts receivable as on January 1, 2017: $72,000.00

Accounts receivable as on December 31, 2017: $54,000.00

Total sales: $420,000.00

To determine cash receipts from customers for 2017.

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