Question
Malice Inc. had an Accounts Receivable balance of $45,000 on January 31, 2020 and $55,000 on February 29, 2020. Cash collections during the month was
Malice Inc. had an Accounts Receivable balance of $45,000 on January 31, 2020 and $55,000 on February 29, 2020. Cash collections during the month was $100,000. How much was sold on account during February?
Group of answer choices
90,000
10,000
5,000
110,000
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Accountancy Analysis Of Financial Statements Analysis Of Financial Statements
Authors: M. Hanif, A. Mukherjee
1st Edition
1642879762, 9781642879766
