Northgate Publishers, Inc., had sales of $770,000 during 20X1, 80% of them on credit and 25% for
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Northgate Publishers, Inc., had sales of $770,000 during 20X1, 80% of them on credit and 25% for cash. During the year, accounts receivable increased from $50,000 to $95,000, an increase of $45,000. What amount of cash was received from customers during 20X1?
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