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What is the amount of cash horton received from customers

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Question

Horton Housewares' accounts receivable decreased during the year by $11.0 million.

Required:

What is the amount of cash Horton received from customers during the reporting period if its sales were $37 million? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period.

Reference no: EM132403929

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