What was the cash receipts from sales in 2012

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The Mason Company, a retail business had $100,000 in cash sales and $450,000 in credit sales for 2012.

The accounts receivable balances were $50,000 and $60,000 on December 31, 2011 and 2012, respectively. What was the cash receipts from sales in 2012?

Reference no: EM131318236

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