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

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without the need for prior learning.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus.

Conditioned Stimulus (CS)

A previously neutral stimulus that eventually elicits a conditioned response after being paired with the unconditioned stimulus.