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April 23, 2014

Homework Help: Account

Posted by Anton on Thursday, October 18, 2012 at 7:51pm.

Oral Corporation's beginning accounts receivable were $200,000 and ending accounts receivable were $270,000. During the period $500,000 cash was collected from customer credit sales. Calculate the amount of Oral Corporation sales on account during the period.

a. 470,000
b. $680,000
c. $570,000
d. $770,000

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