What amount of cash would shown as collected from customers

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Question - Bookworm Booksellers reported sales revenue of $350,000 for the fiscal year ended July 31. The accounts receivable balance at the beginning of the year was $23,000 and $42,000 at the end of the year. On the statement of cash flows, what amount of cash would be shown as collected from customers?

1. $327,000

2. $331,000

3. $350,000

4. $369,000

Reference no: EM132567331

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