If accounts receivable increased from $12,000 to $15,000

Discuss cost concepts used in manufacturing accounting. Be sure to address the basic product cost components.
August 30, 2020
Paid short-term portion of notes payable, $600,000
August 30, 2020

If accounts receivable increased from $12,000 to $15,000 during the
year and if sales amounted to $100,000 for the year, cash receipts from customers amounted to $103,000?

 
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