Multiple Choice
The balance in Accounts Receivable was $700,000 at the beginning of the year and $780,000 at the end of the year. Credit sales for the year totaled $4,110,000. During the year, $430,000 in customer accounts were written off. How much cash was collected from customers during the period?
A) $3,600,000
B) $4,030,000
C) $4,460,000
D) $4,620,000
Correct Answer:
Verified
Correct Answer:
Verified
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