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Chapter 11 Cash flows Question 6

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Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling \(\$ 5,100 .\) By the end of the month, the company received on account \(\$ 4,500\) of this amount. In addition, Eastwood received \(\$ 500\) on account from customers who were provided lessons in May.

Determine the amount of operating cash flows Eastwood will report as received from customers in June.

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