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What amount of accounts receivable must have been paid

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Problem 1: Custom Cabinets had total sales revenue for the year ending December 31, 2020 equal to $1,500,000 - 30% of which were on account. If accounts receivable had a beginning balance of $1,300,000 and an ending balance of $920,000, what amount of accounts receivable must have been paid during the year?

a. $1,880,000

b. $650,000

c. $380,000

d. $580,000

Reference no: EM132830831

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