The following information relates to the fowler company for, Ask an Expert

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The following information relates to the Fowler Company for 2010:

Sales discounts$ 700
Beginning accounts receivable5,000
Collections on accounts receivable20,000
Total sales reported on income statement82,500
Ending accounts receivable7,000

What was the amount of cash sales?

a) $61,200

b) $59,800

c) $63,800

d) $65,200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M959279

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