The Balance in the Accounts Receivable Account Decreased from $18,000

question 32

Multiple Choice

The balance in the Accounts Receivable account decreased from $18,000 at the beginning of the month to $15,000 at the end of the month.Sales on account during the month totaled $130,000.No accounts receivable were written off as uncollectible during the month.Cash collections of accounts receivable during the month totaled:

• A)$127,000.
• B)$130,000.
• C)$133,000.
• D)$145,000.

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Definitions:

Avunculocal

A residence pattern in which a married couple lives with or near the husband's mother's brother (the husband's maternal uncle).

Extended Families

Family groups that extend beyond the nuclear family, including relatives such as grandparents, aunts, uncles, and cousins, often living close by or within the same household.

Incest Taboo

A cultural or social prohibition against sexual relations or marriage between persons deemed too closely related.

Subsistence

The means by which individuals or societies obtain their basic necessities for survival, such as food, shelter, and clothing.