Question 15 2 pts An internal auditor is deriving cash flow data based on an...
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Accounting
Question 15 2 pts An internal auditor is deriving cash flow data based on an incomplete set of facts listed below: Credit sales $ 100,000 Gross A/R - beginning balance $ 5,000 Allowance for bad debts-beginning balance $ 500 Accounts receivable written off $ 1,000 Increase in net A/R during the period $ 30,000 Bad Debt Expense $ 2,000 All accounts have their standard (normal) account balances. How much cash was collected from credit sales? $69,500 $69,500 $68,000 $70,000 $68,500
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