Lagos Corp. recorded sales of $345,000 in 2006, in addition its accounts receivable and accounts payable balances at the beginning and end of 2006 were as follows: How much cash did Lagos collect from customers in 2006?
A) $345,000
B) $320,000
C) $324,000
D) $316,000

Question

Lagos Corp. recorded sales of $345,000 in 2006, in addition its accounts receivable and accounts payable balances at the beginning and end of 2006 were as follows:  How much cash did Lagos collect from customers in 2006?
A) $345,000 
B) $320,000 
C) $324,000 
D) $316,000

Quizplus · Accepted Answer

The Answer of Lagos Corp. recorded sales of $345,000 in 2006, in addition its accounts receivable and accounts payable balances at the beginning and end of 2006 were as follows:  How much cash did Lagos collect from customers in 2006?
A) $345,000 
B) $320,000 
C) $324,000 
D) $316,000