Warren Company began the accounting period with a $40,000 debit balance in its accounts receivable account....

Transcribed Image Text:

Warren Company began the accounting period with a $40,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $92,000. The accounts receivable account at the end of the accounting period contained a $20,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period? Multiple Choice $78,000 $100,000 $32,000 $112,000 Warren Company began the accounting period with a $40,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $92,000. The accounts receivable account at the end of the accounting period contained a $20,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period? Multiple Choice $78,000 $100,000 $32,000 $112,000