Bestar Company had a balance in its accounts receivable on June 1 of $100,000. Credit sales were $900,000. The accounts receivable balance at June 30th was $140,000. What is the amount of cash collected from credit sales in June? Oa. $60,000 Ob. $140,000 c. $860,000 $940.000

Bestar Company had a balance in its accounts receivable on June 1 of $100,000. Credit sales were $900,000. The accounts receivable balance at June 30th was $140,000. What is the amount of cash collected from credit sales in June? Oa. $60,000 Ob. $140,000 c. $860,000 $940.000

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Description: Please do not give solution in image format thanku Bestar Company had a balance in its accounts receivable on June 1 of $100,000. Creditsales were $900,000. The accounts receivable balance at June 30th was $140,000.What is the amount of cash collecte

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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