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Alco Roofing Company's Beginning Accounts Receivable Were $200,000 and Ending

Question 33

Multiple Choice

Alco Roofing Company's beginning accounts receivable were $200,000 and ending accounts receivable were $270,000. During the period, credit sales totaled $570,000. How much cash was collected from customers?


A) $470,000
B) $500,000
C) $570,000
D) $640,000

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