The general ledger of Hubert Corporation provides the following information: The company's net sales for the year were $2,850,000 and cost of goods sold amounted to $1,650,000.
Instructions
Calculate the following:
a. Cash receipts from customers.
b. Cash payments to suppliers.

Question

The general ledger of Hubert Corporation provides the following information:  The company's net sales for the year were $2,850,000 and cost of goods sold amounted to $1,650,000.
Instructions
Calculate the following: 
a. Cash receipts from customers.
b. Cash payments to suppliers.

Quizplus · Accepted Answer

The Answer of The general ledger of Hubert Corporation provides the following information:  The company's net sales for the year were $2,850,000 and cost of goods sold amounted to $1,650,000.
Instructions
Calculate the following: 
a. Cash receipts from customers.
b. Cash payments to suppliers.

The General Ledger of Hubert Corporation Provides the Following Information