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The following data belongs to Soft Company: • Accounts receivable on December 31, 2016: N$20,000 • Accounts receivable on December 31, 2017: N$25,000 • Net credit sales during the year 2017: N$100,000 Based on the above information, the total cash collected from customers by Soft Company during the year 2017 is: • a
The following data belongs to Soft Company: • Accounts receivable on December 31, 2016: N$20,000 • Accounts receivable on December 31, 2017: N$25,000 • Net credit sales during the year 2017: N$100,000
Based on the above information, the total cash collected from customers by Soft Company during the year 2017 is:
• a. N$95,000 O b. N$105,000 • c. N$75,000 • d. N$120,000
Expert Solution
So, the correct option is A "N$95,000".
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