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Determine the cash collected on accounts receivable

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Reference no: EM132852756

Problem - Working Backward: Accounts Receivable and the Statement of Cash Flows - Troy Corp.'s statement of cash flows reported an addition of $2,000 for the change in the Accounts Receivable account during the year. Sales on account for the year amounted to $24,500.

Required - Determine the cash collected on accounts receivable for the year.

Reference no: EM132852756

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