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Partial balance sheets and additional Information are lsted below for Funk Company. Funk Company Partial...

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Accounting

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Partial balance sheets and additional Information are lsted below for Funk Company. Funk Company Partial Balance Sheets as of December 31 2018 2817 Assets Cash Accounts receivable Inventory Liabilities Accounts payable $41,808 $28,588 94,500 98,488 25,588 41,808 $58,500 $73,000 Additional Information for 2018 Net Income was $171.000. Depreclation expense was $31,000. Sales totaled $810,000. Cost of goods sold totaled $326.000. Required: Prepare the summary entry for the amount of cash recelved from customers during 2018. (lf no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) new transaction lst Journal entry worksheet Record the entry for the amount of cash received from customers during 2018. Note: Enter debits before credits. vent

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