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Sales on Credit for the Year Totalled $125 000

Question 20

Multiple Choice

Sales on credit for the year totalled $125 000. The following information is also available: Sales on credit for the year totalled $125 000. The following information is also available: Bad debts written off during the year: $10 000 How much cash was collected from customers during the year? A) $70 000 B) $130 000 C) $110 000 D) $155 000 Bad debts written off during the year: $10 000
How much cash was collected from customers during the year?


A) $70 000
B) $130 000
C) $110 000
D) $155 000

Correct Answer:

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