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Determine the net cash collected from customers

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Reference no: EM133112733

Question - The following data belongs to Care Company:

Accounts receivable on December 31, 2020: $60,000

Accounts receivable on December 31, 2021: $40,000

Net credit sales during the year 2021: $200,000

Based on the above information, determine the net cash collected from customers by Care Company during the year 2021?

Reference no: EM133112733

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