A Company Had Beginning Accounts Receivable of $175,000

question 86

Multiple Choice

A company had beginning accounts receivable of $175,000. All sales were on account and totaled $550,000. Cash collected from customers totaled $650,000. Calculate the ending accounts receivable balance.

• A)$725,000
• B)$275,000
• C)$ 75,000
• D)$175,000

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Definitions:

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