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Accounts Receivable Was $750 at the End of November and $525

Question 68

Multiple Choice

Accounts Receivable was $750 at the end of November and $525 at the end of December. Revenue totaled $4,200 for December. How much cash was received from revenues during December?


A) $5,475
B) $4,425
C) $3,975
D) $2,975

Correct Answer:

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