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Compute the cash receipts from customers

Response to the following problem:

At January 1, 2014, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2014, accounts receivable is $54,000. Sales revenue for 2014 total $420,000. Compute Eikenberry's 2014 cash receipts from customers.

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Accounting Basics: Compute the cash receipts from customers

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