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During 20X0, Jones company had $500,000 in cash sales and 2,500,000 in credit sales. The accountants receivable balances were $350,000 at 1/1/X0, and $420,000 at
During 20X0, Jones company had $500,000 in cash sales and 2,500,000 in credit sales. The accountants receivable balances were $350,000 at 1/1/X0, and $420,000 at 12/31/X0. What was the total cash collected from all customers during 20X0?
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
