Question
Bowers Corporation reported the following ($ in 000s) for the year: Accounts receivable Beginning Balance = $530 Ending Balance = $815 Sales on account were
Bowers Corporation reported the following ($ in 000s) for the year:
Accounts receivable Beginning Balance = $530 Ending Balance = $815
Sales on account were $1,830 for the year. How much cash was collected from customers on account?
A) $1,561.
B) $2,104.
C) $1,545.
D) $1,534.
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
