The Balance in Accounts Receivable at the Beginning of the Year

question 83

Multiple Choice

The balance in Accounts Receivable at the beginning of the year was $530,000. The balance in Accounts Receivable at the end of the year was $740,000. Customer accounts of $410,000 were written off. The company collected $4,100,000 from credit customers and $1,030,000 from cash customers. What are credit sales for the year?

• A)$4,300,000
• B)$4,100,000
• C)$4,510,000
• D)$4,720,000

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Definitions:

Glasgow Coma Scale

A clinical scale used to assess the consciousness level of a person following a traumatic brain injury, measuring motor response, verbal response, and eye opening.

Motor Strength

is the physical power and capacity of muscles to perform movements and tasks, ranging in scale from 0 (no muscular contraction) to 5 (full power).

Verbal Response

The act of answering or reacting to a question or situation through spoken words.

Orientation

A cognitive function that refers to the awareness of oneself in relation to time, place, and person.