On January 1, 2013, the Balance of Jackson Corporation's Accounts

question 44

Multiple Choice

On January 1, 2013, the balance of Jackson Corporation's Accounts Receivable was $20,000. Sales on account for 2013 amounted to $160,000 and the ending balance of Accounts Receivable was $32,000. What is the amount of cash collected from customers?

• A)$128,000
• B)$148,000
• C)$172,000
• D)$180,000

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