Question
The balance in Accounts Receivable was $650,000 at the beginning of the year and $350,000 at the end of the year. Credit sales for the
The balance in Accounts Receivable was $650,000 at the beginning of the year and $350,000 at the end of the year. Credit sales for the year totaled $4,100,000. During the year, $400,000 in customer accounts were written off. How much cash was collected from customers during the period?
A. $3,750,000
B. $4,000,000
C. $4,400,000
D. $4,800,000
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Sustainability Performance And Reporting
Authors: Irene M. Herremans
1st Edition
1951527208, 9781951527204
