Maxwell Furniture Center had accounts receivable of $20,000 at the beginning of the year and $54,000 at
Question:
Maxwell Furniture Center had accounts receivable of $20,000 at the beginning of the year and $54,000 at year-end. Revenue for the year totaled $116,000. How much cash did the business collect from customers?
a. $150,000
b. $62,000
c. $116,000
d. $82,000
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