Jerome Smith, Inc. began the year with $299,000 in accounts receivable and ended the year with $232,700 in accounts receivable. Sales for the year were $4,170,000. The cash collected from customers during the year amounted to:
A) $4,103,700.
B) $4,236,300.
C) $4,402,700.
D) $4,701,700.
Correct Answer:
Verified
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