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A company reported sales revenue, all of which arose from credit sales, of $48,000 on...

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Accounting

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A company reported sales revenue, all of which arose from credit sales, of $48,000 on the income statement. Balance sheet information includes the following: Accounts Receivable, beginning of year Accounts Receivable, end of year Deferred Revenue, beginning of year Deferred Revenue, end of year $5,400 960 9,300 How much cash was collected from customers during the year? How much cash was collected from customers during the year? Multiple Choice $52,440 $61,740. $45,840 $13,740

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