Cash collection and accounts receivable
Sales in November were $30,000 and sales in December were $20,000. Ninety percent of the sale is collected in the month of sale and 10% are collected in the subsequent month.
1- Cash collected in December was:
2- Accounts receivable at 12/31 was:
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Sales in November were $30,000 and sales in December were $20,000. Ninety percent of the sale is collected in the month of sale and 10% are collected in the subsequent month. 1- Cash collected in December was: 2- Accounts receivable at 12/31 was:
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