During 2022, Sedgewick Inc

question 142

Multiple Choice

During 2022, 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 2021.As a result of these transactions, the change in the accounts receivable balance from the beginning of the year to the end of the year indicates a

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

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Definitions:

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