Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account.During the accounting period,the company recorded revenue on account amounting to $88,000.The accounts receivable account at the end of the accounting period contained a $16,000 debit balance.Based on this information,the cash collected from accounts receivable during the period is
A) $104,000
B) $40,000
C) $72,000
D) $84,000
Correct Answer:
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