Warren Company began the accounting period with a $48,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $108,000. The accounts receivable account at the end of the accounting period contained a $24,000 debit balance. Based on this information, what isthe amount of cash collected from customers during the period?
A) $90,000
B) $120,000
C) $132,000
D) $36,000
Correct Answer:
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