Question: Question 2 (2 points) A company had a beginning balance in Accounts Receivable of $100. At year end the balance was $70. Sales in the

Question 2 (2 points) A company had a beginning balance in Accounts Receivable of $100. At year end the balance was $70. Sales in the year were $2,000 all'on credit': (No cash collected at time of sales.) Based on this information only, the amount of cash collected in the year was: $2,300 $2,030 $1,970 $2,000

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