If Accounts Receivable on January 1 Totals $17,375, and During

question 93

Short Answer

If accounts receivable on January 1 totals $17,375, and during the current year sales revenue is $112,000, and cash receipts from customers is $97,855, then what is the balance in Accounts Receivable on December 31?
a. $14,145
b. $16,375
c. $31,520
d. $2,230

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