Cash collections from customers during 2010 were 300500


Question - Cash collections from customers during 2010 were $300,500, while net accounts receivable increased $5,000. Sales reported on the income statement were:

A) $300,500

B) $295,500

C) $305,000

D) $310,500

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Accounting Basics: Cash collections from customers during 2010 were 300500
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