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Ludlow Company's Accounts Receivable Account Had a Balance of $7,500

Question 64

Multiple Choice

Ludlow Company's Accounts Receivable account had a balance of $7,500 on November 1, and a balance of $10,700 on November 30. During November the company received cash of $19,700 from credit customers.
Determine the amount of sales on account that occurred in November?


A) $26,400
B) $13,000
C) $22,900
D) $20,500

Correct Answer:

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