During the financial year Sugar Limited had sales of $420,000. The opening balance of Accounts receivable was $90,000 and the closing balance was $127,000. Bad debts amounting to $7,000 were written off during the period. The cash receipts from sales during the year amounted to: Question 8 options: a) $390,000 b) $376,000 c) $464,000 d) $450,000