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The Balance in Accounts Receivable Was $650,000 at the Beginning

Question 182

Multiple Choice

The balance in Accounts Receivable was $650,000 at the beginning of the year and $350,000 at the end of the year. Credit sales for the year totaled $4,100,000. During the year, $400,000 in customer accounts were written off. How much cash was collected from customers during the period?


A) $3,750,000
B) $4,000,000
C) $4,400,000
D) $4,800,000

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