Solved: Sales for the period total 400000 of which 40000 was, Accounting Basics

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Sales for the period total 400000 of which 40000 was

Question - Beginning and ending accounts receivable are $80,000 and $50,000, respectively. Sales for the period total $400,000, of which $40,000 was directly for cash. How much cash was collected from making sales and collecting accounts receivable?

$444,000

$418,000

$378,000

$430,000

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Accounting Basics: Sales for the period total 400000 of which 40000 was

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Accounting Basics: Sales for the period total 400000 of which 40000 was

Reference No:- TGS02611017

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