During the Current Year,Kelso Construction Had $976,000 in Cash Sales

question 116

Multiple Choice

During the current year,Kelso Construction had $976,000 in cash sales and $3,552,000 in credit sales.The Accounts Receivable balance was $848,000 at the beginning of the year and $680,000 at the end of the year.What was the total cash collected from customers during the year?

• A)$4,696,000
• B)$4,528,000
• C)$4,360,000
• D)$3,720,000

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