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On January 1, Year 2, the balance of Jacobs Corporation's Accounts Receivable was $31,000. Sales on account for Year 2 amounted to $182,000 and
On January 1, Year 2, the balance of Jacobs Corporation's Accounts Receivable was $31,000. Sales on account for Year 2 amounted to $182,000 and the ending balance of Accounts Receivable was $48,500. What is the amount of cash collected from customers? Multiple Choice $133,500 $199,500 $213,000 $164,500
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul Copley
12th edition
0078025818, 978-0078025815
