During 2017 Sedgewick Inc

question 56

Multiple Choice

During 2017 Sedgewick Inc. had sales on account of $528,000, cash sales of $216,000, and collections on account of $336,000. In addition, they collected $5,800 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable balance indicates a

• A)$402,200 increase.
• B)$192,000 increase.
• C)$186,200 increase.
• D)$408,000 increase.