The Accounts Receivable Account Has a Beginning Balance of $52,000

question 232

Multiple Choice

The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $74,000.If total sales on account were $42,000 for the year, what were the total collections on account?

• A)$20,000
• B)$64,000
• C)$74,000
• D)$84,000