In 2013 Phosphate Aurora Inc. reported an increase in Accounts Receivable of $7,500 and cash collections on account of $430,000. Sales on account for the period were:

Name: In 2013 Phosphate Aurora Inc. reported an increase in Accounts Receivable of $7,500 and cash collections on account of $430,000. Sales on account for the period were:
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The increase in Accounts Receivable ($7,500) plus the cash collections on account ($430,000) equals the sales on account for the period, which is $437,500.