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How much cash did the company collect from credit customers

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Question - On January 1 a company had accounts receivable of $20,000. During the year the company sold $100,000 of merchandise to credit customers. At December 31 the company had accounts receivable of $50,000. How much cash did the company collect from credit customers during the year?

A. $120,000

B. $70,000

C. $130,000

D. $100,000

Reference no: EM132170085

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