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Question: soaein accounts payable d determine the balance in accounts receivable...

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soaeIn accounts payable. d. Determine the balance in accounts receivable. e. None of the above 11. Jones Company had sales of $250,000, decrease in accounts payable of $10,000, decrease in accounts receivable of $5,000, decrease in inventories of $5,000, and patent amortization of $5,000. What was the cash collected from customers? a. $255,000 b. $245,000 c $250,000 d. $260,000 e. $240,000 221
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