Help with accounting problem

Nov 3rd, 2015
Anonymous
Category:
Business Finance
Price: $5 USD

Question description

Venus Company’s beginning and ending balances of accounts receivable are $30,000 and $38,000, respectively.  If credit sales for the year totaled $160,000, the amount of cash collected from customers for the year is? a. $152,000 b. $168,000 c. $160,000 d. $ 38,000

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