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Tanya Company has the following information:
Accounts Receivable, January 1, 20xx $230,000
Accounts Receivable, December 31, 20xx 400,000
Credit Sales 1,810,000
Cash Sales 1,000,000
Write offs of uncollectible accounts 14,000
Problem 1: What are collections from customers during the current year?
A) $2,626,000
B) $1,626,000
C) $1,640,000
D) $2,640,000
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