Solved: Sales for lab commercial products during 2010 were 110000, Accounting Basics

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Sales for lab commercial products during 2010 were 110000

Question - Sales for Lab Commercial Products during 2010 were $110,000, 75% of them on credit and 25% for cash. During the year, Accounts Receivable decreased from $88,000 to 78,000, a decrease of $10,000. What amount of cash did Lab Commercial Products receive from customers during 2010?

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Accounting Basics: Sales for lab commercial products during 2010 were 110000

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Accounting Basics: Sales for lab commercial products during 2010 were 110000

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