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Calculate the Following:
(A)Determine the Corh Rec Aighs for May

Question 89

Essay

Calculate the following:
(a)Determine the corh rec aighs for May based tar the following date:
$42,500 Cash payments churing May 3,750 Cash account balance, May 1 6,000 Cash account balance, May 31 \begin{array}{ll}\$ 42,500 & \text { Cash payments churing May } \\3,750 & \text { Cash account balance, May 1 } \\6,000 & \text { Cash account balance, May 31 }\end{array}

(b)  Determine the cash received from customers on account during May based on the following data: \text { Determine the cash received from customers on account during May based on the following data: }
$11,500 Accounts receivable account balance, May 1 8,250 Accounts receivable account balance, May 31 28,000 Fees billed to customers during May \begin{array}{ll}\$ 11,500 & \text { Accounts receivable account balance, May 1 } \\8,250 & \text { Accounts receivable account balance, May 31 } \\28,000 & \text { Fees billed to customers during May }\end{array}

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