The May 1 and May 31 Balances in Accounts Receivable

question 15

Multiple Choice

The May 1 and May 31 balances in accounts receivable are $35,000 and $36,000, respectively. During May, the company reported sales totaling $235,000 from its customers. The company incurred $211,000 of expenses, although $12,000 was not paid as of May 31. How much is cash flows from operations for May?

• A)$24,000
• B)$37,000
• C)$11,000
• D)$35,000

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