The CHS Company Has Provided the Following Information: • Accounts

question 30

Multiple Choice

The CHS Company has provided the following information: • Accounts receivable written-off as uncollectible during the year amounted to $11,500.
• The accounts receivable balance at the beginning of the year was $150,000.
• The accounts receivable balance at the end of the year was $210,000.
• The allowance for doubtful accounts balance at the beginning of the year was $14,000.
• The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900.
• Credit sales during the year totaled $900,000.
-
How much cash was received from collections of accounts receivable?

• A)$888,500.
• B)$828,500.
• C)$690,000.
• D)$701,500.

---

Definitions:

Disk Management

A utility found in Windows operating systems that allows users to perform advanced storage tasks such as initializing disks, creating partitions, and formatting drives.

Utility Status

An indicator of the performance and current operating condition of a utility service such as electricity, water, or internet.

Hard Disk

A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.

Infrared

A technology utilizing infrared light that allows devices to communicate across a wireless network. Examples are laptop computers, printers, and handheld computing devices.