Explain why cash receipts from customers can be different, Accounting Basics

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Explain why cash receipts from customers can be different

During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000 and accural basis net income was $21,000. There were no gains or losses during the month

a. Calculate the revenues for Macon Co. for April
b. Explain why cash receipts from customers can be different from revenues

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Accounting Basics: Explain why cash receipts from customers can be different

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain why cash receipts from customers can be different

Reference No:- TGS0708232

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Describe medicare and medicaid in terms of services

Q : describe the actual mobile lab operating expenses

Q : Discuss the budgeted operating income

Q : Compute the ending balances of the materials inventory

Q : Explain why cash receipts from customers can be different

Q : The company must determine the amount of cost

Q : Adjusting entries are made to record the accrued interest

Q : What is the companys projected operating income

Q : What dollar volume of sales per month is required

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain why cash receipts from customers can be different

Reference No:- TGS0708232

Recent Questions Asked Accounting Basics

Q : Describe medicare and medicaid in terms of services

Q : describe the actual mobile lab operating expenses

Q : Discuss the budgeted operating income

Q : Compute the ending balances of the materials inventory

Q : Explain why cash receipts from customers can be different

Q : The company must determine the amount of cost

Q : Adjusting entries are made to record the accrued interest

Q : What is the companys projected operating income

Q : What dollar volume of sales per month is required

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