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

question 28

Multiple Choice

The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $42,000 was sold on account during the year, what were the total collections on account?

• A) $25,000
• B) $59,000
• C) $69,000
• D) $79,000