Ervin Company began the accounting period with $58,000 in accounts receivable. The ending balance in...
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Accounting
Ervin Company began the accounting period with $58,000 in accounts receivable. The ending balance in accounts receivable was $21,600. If the credit sales during the period were $120,000, what is the amount of cash received from customers?
$58,000
$120,000
$156,400
$199,600
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