Multiple Choice
Phillips Co.reported total credit sales of $460,000 for Year 2.Its accounts receivable totaled $70,000 and $100,000 at the beginning and end of the year,respectively.What was the cash collected from customers during Year 2?
A) $530,000
B) $460,000
C) $490,000
D) $430,000
Correct Answer:
Verified
Correct Answer:
Verified
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