During the Year, Alfa Limited Reported Credit Sales of $850,000

question 30

Multiple Choice

During the year, Alfa Limited reported credit sales of $850,000.Beginning Accounts Receivable was $60,000 and ending Accounts Receivable was $140,000.What were the cash collections from customers during the year?

• A)$930,000
• B)$850,000
• C)$770,000
• D)$710,000

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Definitions:

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