Jill, Inc earned $950,000 on account during 2011. Customers owed Jill, Inc $40,000 at December 31, 2010 and $50,000 at December 31, 2011
For each item, first select the column of the 2011 financial statement where the line item appears, and then fill in the correct dollar amount:
Income Statement Statement of Cash Flows Balance Sheet
1. Sales
2. Cash collected from customers
3. Accounts receivable
Income Statement Statement of Cash Flows Balance Sheet
1. Sales $950,000
2. Cash collected from customers $940,000
3. Accounts receivable $50,000
Business
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