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Rudiy27
3 years ago
13

What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $42.5 milli

on? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period.
Business
1 answer:
Lera25 [3.4K]3 years ago
7 0

Answer:

<u>$38.5 million</u>

Explanation:

Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.

Where;

sales= $42.5 million

accounts receivable increase= $4 million

Amount of cash April Wood Products received from customers during the reporting period=

$42.5 million - $4 million= $38.5 million

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