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The Whyne Company Had Credit Sales of $900,000

Question 4

Multiple Choice

The Whyne Company had credit sales of $900,000. The beginning accounts receivable balance was $90,000 and the ending accounts receivable balance was $120,000. Cash collections from customers were:


A) $1,020,000.
B) $930,000.
C) $900,000.
D) $870,000.

Correct Answer:

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