Mary Kay Cosmetics
Selected data and additional information from the company's records are presented below: 
Additional information:
-Refer to Mary Kay Cosmetics. What amount of cash was collected from customers during 2020?
Definitions:
Supplies Used
Expenses related to consumable items used in the operation of a business.
Supplies Account
An account used to track the cost of supplies not immediately consumed by the business, often classified as a current asset.
Insurance Expense
Costs incurred by a business or individual for purchasing insurance coverage, considered an operating expense in accounting.
Prepaid Insurance
An expense that has been paid in advance for insurance coverage which will be recognized over the period to which the premium relates.
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