Warren Company Began the Accounting Period with a $32,000 Debit

question 105

Multiple Choice

Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account.During the accounting period,the company recorded revenue on account amounting to $88,000.The accounts receivable account at the end of the accounting period contained a $16,000 debit balance.Based on this information,the cash collected from accounts receivable during the period is

• A)$104,000
• B)$40,000
• C)$72,000
• D)$84,000

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