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What total cash received from customers during the year

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Reference no: EM132944220

Beginning gross receivables = $110

Ending gross receivables =$300

Beginning allowance for bad debts = $17

Ending allowance for bad debts = $29

Beginning deferred revenue = $87

Ending deferred revenue = $42

Sales revenue recognized during the year = $542

Bad debt expense during the year = $72

Problem 1: [Hint: Instead of using T-accounts, think about how you would derive cash flows from net income.] Total cash received from customers during the year =?

 

Reference no: EM132944220

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