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A company's 2019 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned sales revenue account decreased $15,000 during 2019. How much cash was collected from customers during 2019

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ayokenny2001

The cash that was collected from customers during 2019 is $1,160,000

What is income statement?

Income statement is a financial statement which shows the income and expenditure generated by a company in a financial year. It indicate the profitability or loss of a company

Cash collected from sales

= Total sales - Unearned sales revenue - Accounts receivable

= $1,200,000 - $15,000 - $25,000

= $1,160,000

Hence, the cash that was collected from customers during 2019 is $1,160,000

Learn more about income statement here: https://brainly.com/question/15417849

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