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Determine cash collected from customers

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Question - Sherwin-Williams (obtain 2019 annual report or 10k online-review financial statements and notes-all #'s are in $M)

1. What is the amount of gross accounts receivable at fiscal year-end 2019?

2. Suppose that write-offs of accounts receivable during fiscal year 2019 amounted to $12, there were no reinstatements, and all sales during 2019 were on credit.

(a) Prepare the journal entry to record bad debt expense during 2019.

(b) Determine cash collected from customers during 2019.

Reference no: EM133138310

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