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Business, 19.09.2019 21:00 kenken2583

The following information is provided for kelly plumbing supply. cash received from customers during december 2017 $ 387,000 cash paid to suppliers for inventory during december 2017 131,000 cash received from customers includes all $139,000 of the accounts receivable that were outstanding at november 30, 2017. accounts receivable at december 31, 2017 totaled $141,000. accounts payable (to suppliers of inventory) decreased by $19,000 from november 30, 2017 to december 31, 2017. the balance in the inventory account decreased by $39,000 over the same period. required: what is gross profit for the month of december under accrual accounting?

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