The Accounts Receivable Account for Johnny's Mechanic Shop Had a Beginning

question 127

Multiple Choice

The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $35,000. During the month, Johnny made sales on account of $42,000. The ending balance in the Accounts Receivable account is $32,000. What are cash collections for the month?

• A)$35,000
• B)$42,000
• C)$45,000
• D)$77,000

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