Sales on account (all are collectible) amounted to $560,000 during 2019.Accounts receivable were $112,000 on January 1, 2019 and $98,000 on December 31, 2019.How much cash was collected from customers during the year ended December 31, 2019?
A) $462,000.
B) $546,000.
C) $560,000.
D) $574,000.
Correct Answer:
Verified
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