Question
The Accounts receivable account has a beginning balance of $70,000 and an ending balance of $25,000. If $125,000 was sold on account during the year,
The Accounts receivable account has a beginning balance of $70,000 and an ending balance of $25,000. If $125,000 was sold on account during the year, what were the total cash collections on account?
$170,000. $195,000. $50,000. $100,000.
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Financial Accounting Tools For Business Decision-Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
2nd Canadian Edition
0470833378, 978-0470833377
