Making sales and collecting accounts receivable


Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period total $384,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?

A) $344,000

B) $418,000

C) $378,000

D) $376,000

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Accounting Basics: Making sales and collecting accounts receivable
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