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The ending balance of the Accounts Receivable account was $10,000 and the beginning balance was $14,000. Services billed to customers for the period were $21,500. What was the amount of collections from customers? a. $17,500 b. $25,500. c. None of the other alternatives are correct. d. $45,500 e. $31,500

The ending balance of the Accounts Receivable account was $10,000 and the beginning balance was $14,000. Services billed to customers for the period were $21,500. What was the amount of collections from customers? a. $17,500 b. $25,500. c. None of the other alternatives are correct. d. $45,500 e. $31,500

FINANCIAL ACCOUNTING
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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The ending balance of the Accounts Receivable account was $10,000 and the beginning balance was $14,000. Services billed to customers for the period were $21,500. What was the amount of collections from customers? a. $17,500 b. $25,500. c. None of the other alternatives are correct. d. $45,500 e. $31,500
Transcribed Image Text:The ending balance of the Accounts Receivable account was $10,000 and the beginning balance was $14,000. Services billed to customers for the period were $21,500. What was the amount of collections from customers? a. $17,500 b. $25,500. c. None of the other alternatives are correct. d. $45,500 e. $31,500
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