Business, 26.09.2019 23:00 annjetero2oy23ay
The following information has been compiled by able manufacturing company: sale of company products for the period to customers with net 30-day terms amounting to $150,000. sale of company products for the period to a customer, supported by a note for $25,000, with special terms of net 180 days. balance of trade receivables at the end of the last period was $300,000. collections of open trade receivables during the period was $200,000. rental income for the period, both earned and accrued but not yet collected, from the able employees’ credit union for use of company facilities was $2,000. the open trade receivables balance to be shown on the statement of financial position for the period is
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The following information has been compiled by able manufacturing company: sale of company products...
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