Answered

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Item5 Time Remaining 58 minutes 5 seconds00:58:05 Item 5 Time Remaining 58 minutes 5 seconds00:58:05 Warren Company began the accounting period with a $32,000 debit balance in its accounts receivable account. During the accounting period, the company recorded revenue on account amounting to $88,000. The accounts receivable account at the end of the accounting period contained a $16,000 debit balance. Based on this information, what is the amount of cash collected from customers during the period

Sagot :

ayokenny2001

Answer:

$104,00)

Explanation:

With regards to the above, cash collected from customers during the period is computed as

= debit balance at the beginning + revenue - debit balance at the end

= $32,000 + $88,000 - $16,000

= $104,000

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