You are given the following information: Receivables at 1 January 20X3 $10,000 Receivables at 31 December 20X3 $9,000 Total receipts during 20X3 (including cash sales of $5,000) $85,000 What are sales on credit during 20X3? A $81,000 B $86,000 C $79,000 D $84,000

You are given the following information: Receivables at 1 January 20X3 $10,000 Receivables at 31 December 20X3 $9,000 Total receipts during 20X3 (including cash sales of $5,000) $85,000 What are sales on credit during 20X3? A $81,000 B $86,000 C $79,000 D $84,000

Name: You are given the following information:Receivables at 1 January 20X3
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Description: You are given the following information:Receivables at 1 January 20X3 $10,000Receivables at 31 December 20X3 $9,000Total receipts during 20X3 (including cash sales of $5,000) $85,000What are sales on credit during 20X3?A $81,000B $86,000C $79,000D $8

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You are given the following information: Receivables at 1 January 20X3 $10,000 Receivables at 31 December 20X3 $9,000 Total receipts during 20X3 (including cash sales of $5,000) $85,000 What are sales on credit during 20X3?
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