Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales. What was the cash received from customers during the year?

Question

Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales.  What was the cash received from customers during the year?

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The Answer of Erie Company reports the following comparative balance sheets and income statement information for the current year. All revenues are from credit sales.  What was the cash received from customers during the year?

Erie Company Reports the Following Comparative Balance Sheets and Income