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Jerome Smith,Inc

Question 20

Multiple Choice

Jerome Smith,Inc.began the year with $259,000 in accounts receivable and ended the year with $252,700 in accounts receivable.Sales for the year were $3,770,000.The cash collected from customers during the year amounted to:


A) $3,763,700.
B) $3,776,300.
C) $4,022,700.
D) $4,281,700.

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