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The Accounts Receivable Account for Johnny's Mechanic Shop Had a Beginning

Question 22

Multiple Choice

The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $32,000.During the month,Johnny made sales on account of $42,000.The ending balance in the Accounts Receivable account is $30,000.What are cash collections for the month?


A) $32,000
B) $42,000
C) $44,000
D) $74,000

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