Larry’s Kitchen Appliances makes all sales on credit. Total sales for the year ended 2020 was $380,750. The beginning balance in accounts receivable was $67,800 and the ending balance was $76,000....

Larry’s Kitchen Appliances makes all sales on credit. Total sales for the year ended 2020 was $380,750. The beginning balance in accounts receivable was $67,800 and the ending balance was $76,000. What was the amount of cash Larry’s collected from customers during 2020?

Group of answer choices

A)$372,550.

b)$380,750.

C)$388,950.

d)$304,750.

e)None of the above

Jun 11, 2022

SOLUTION.PDF

Larry’s Kitchen Appliances makes all sales on credit. Total sales for the year ended 2020 was $380,750. The beginning balance in accounts receivable was $67,800 and the ending balance was $76,000....

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