Sweeten Corporation had sales of $920,000. The beginning accounts receivable balance was $65,000 and the ending accounts receivable balance was $220,000. How much is the cash collected from customers for this reporting period? a. $700,000 b. $1,075,000 c. $985,000 d. $765,000

Sweeten Corporation had sales of $920,000. The beginning accounts receivable balance was $65,000 and the ending accounts receivable balance was $220,000. How much is the cash collected from customers for this reporting period? a. $700,000 b. $1,075,000 c. $985,000 d. $765,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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I need answer of this question solution general accounting

Sweeten Corporation had sales of $920,000. The beginning accounts
receivable balance was $65,000 and the ending accounts receivable
balance was $220,000. How much is the cash collected from
customers for this reporting period?
a. $700,000
b. $1,075,000
c. $985,000
d. $765,000

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