Question
If customers owe $120 000 at the beginning of the year and $95 000 at the end of the year, and credit sales total $250
If customers owe $120 000 at the beginning of the year and $95 000 at the end of the year, and credit sales total $250 000 for the year, what is the cash received from customers during the year?
| $370 000 | ||
| $275 000 | ||
| $155 000 | ||
| $120 000 |
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
