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Question A company reported sales of $215.000 during Year 2. Assume that all sales are credit sales. The company's balance sheets for Year 2 and
Question A company reported sales of $215.000 during Year 2. Assume that all sales are credit sales. The company's balance sheets for Year 2 and Year 1 showed the following Year 2 Year 1 Accounts receivable 5 96,00 86,0 5 0 00 Accounts payable 70,00 66,0 0 00 Based on this information, how much cash did the company collect from sales during Year 27 5205.000 5225.000 5311.000 $219,000
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