If Accounts Receivable Has a Beginning Balance of $4,210 and an Ending

question 102

Multiple Choice

If accounts receivable has a beginning balance of $4,210 and an ending balance of $3,495,and collections on account were $9,600,how much were credit sales?

• A)$8,885
• B)$17,305
• C)$10,315
• D)$1,895

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Definitions:

Local Bookstore

A retail establishment specializing in the sale of books, typically situated within a community and serving its local residents.

Customer Profile Sheet

A document containing key information about a customer, such as demographic details, buying preferences, and purchase history, used to tailor sales approaches.

Sales Call

A communication, often in person or by phone, initiated by a sales representative to promote a product or service.

Customer Benefit Plan

A strategy or program designed to provide advantages or positive outcomes to customers, enhancing satisfaction and loyalty.