Cash collected from customers during the year ended December 31, 2019 amounted to $314,000, and accounts receivable decreased by $42,000 during the year. How much were sales on account for the year ended December 31, 2019? (Assume that no cash sales were made during the year and that all sales on account are collectible.

Answer rating: 100% (QA)

To determine the sales on account for the year ended December 31 2019 we can use the ... View the full answer