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Calculate the cash received from customers

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Problem - The income statement of Mus Plaga Services for the year ending 31 May 2021 showed service revenue of $57 000. Sales made by the business is 80% received in cash and the remaining on account. The balance sheet as at 31 May 2020, showed accounts receivable of $5 500 and the 2021 balance sheet showed customers owned the business $6 700 from credit sales. Calculate the cash received from customers.

Reference no: EM133019113

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