Beginning Accounts Receivable Were $200,000 and Ending Accounts Receivable Were

question 84

Multiple Choice

Beginning accounts receivable were $200,000 and ending accounts receivable were $300,000. Assuming cash collections totaled $1,100,000, what were credit sales?

• A)$1,200,000
• B)$1,100,000
• C)$1,300,000
• D)$1,500,000

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A broad or overall outline of an object, situation, or set of conditions, often providing basic details without going into in-depth specifics.

Trade Custom

Established practices or patterns of behavior that are widely accepted and followed within a particular industry.

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A legal assumption that a product will meet certain standards of quality and reliability without being explicitly stated.

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