Multiple Choice
On January 1,2011,Company Z had accounts receivable of $5,000.During the year,Company Z sold $100,000 of merchandise to credit customers.At December 31,2011,Company Z had accounts receivable of $4,000.How much cash did the company collect from credit customers during the year?
A) $105,000
B) $101,000
C) $99,000
D) $95,000
Correct Answer:
Verified
Correct Answer:
Verified
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