Question
Henry Company's Accounts Receivable increased by $800 during the year. If they also reported Net Credit Sales of $29,800, how much cash was received from
Henry Company's Accounts Receivable increased by $800 during the year. If they also reported Net Credit Sales of
$29,800, how much cash was received from their credit customers?
| A) | $26,400. |
| B) | $29,000. |
| C) | $29,800. |
| D) | $30,600. |
| E) | $32,400. |
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Auditing Theory And Practice
Authors: Jerry R. Strawser, Robert H. Strawser, Roger H. Hermanson
9th Edition
0873939336, 9780873939331
