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The Financial Statements of Juliet Company Show the Following How Much Cash Was Collected from Customers?
A) $148,000

Question 48

Multiple Choice

The financial statements of Juliet Company show the following:  Beginning balance  Ending balance  Trade receivables $28,000$22,000 Trade payables $21,000$25,000 Sales $154,000\begin{array} { | l | r | r | } \hline & \text { Beginning balance } & \text { Ending balance } \\\hline \text { Trade receivables } & \$ 28,000 & \$ 22,000 \\\hline \text { Trade payables } & \$ 21,000 & \$ 25,000 \\\hline \text { Sales } & & \$ 154,000 \\\hline\end{array} How much cash was collected from customers?


A) $148,000.
B) $150,000.
C) $154,000.
D) $160,000.

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