Question:At the beginning of the year, XYZ Company reported Accounts Receivable of $39,000. During the year, the company had credit sales totaling $288,000. At year end, the Accounts Receivable balance was $8,000 higher than the beginning balance. How much cash was collected on the accounts during the year? 

A $296,000 
B $288,000 
C $280,000 
D $272,000 

+ Answer
C 

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Md. Habib Ullah

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