The Financial Statements of Juliet Company Show the Following How Much Cash Was Collected from Customers?
A) $148,000

question 48

Multiple Choice

The financial statements of Juliet Company show the following: $$\begin{array} { | l | r | r | } \hline & \text { Beginning balance } & \text { Ending balance } \\\hline \text { Trade receivables } & \$ 28,000 & \$ 22,000 \\\hline \text { Trade payables } & \$ 21,000 & \$ 25,000 \\\hline \text { Sales } & & \$ 154,000 \\\hline\end{array}$$ How much cash was collected from customers?

• A) $148,000.
• B) $150,000.
• C) $154,000.
• D) $160,000.

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Definitions:

Sprain

A partially torn or overstretched ligament.

Contusion

A Contusion is a bruise resulting from blunt trauma that causes bleeding under the skin without breaking the skin's surface.

Strain

An injury to a muscle or tendon resulting from overstretching or tearing.

Tear

A drop of clear salty liquid secreted by glands in your eyes, often resulting from emotion or irritation.