Multiple Choice
On December 31, 2019, KatoffelSak Company had a $122,550 balance in Accounts Receivable. During the year 2020, the company collected $200,000 from its credit customers. The December 31, 2020 balance of the Accounts Receivable was $170,650.
Determine the amount of sales on accounts for 2020.
A) $248,100
B) $156,900
C) $253,100
D) $156,000
Correct Answer:
Verified
Correct Answer:
Verified
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