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Clarion, Inc. reported sales revenue, all on account, of $40,000 on the income statement. Following is Clarion's balance sheet information: $4,500 800 Accounts Receivable, beginning
Clarion, Inc. reported sales revenue, all on account, of $40,000 on the income statement. Following is Clarion's balance sheet information: $4,500 800 Accounts Receivable, beginning of year Accounts Receivable, end of year Unearned Revenue, beginning of year Unearned Revenue, end of year ol 7,750 How much cash did Clarion collect from customers during the year? Multiple Choice $11.450. $51,450 $43.700. $38,200
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