MCornett Is a Corporation That Sells Breakfast Cereal A)$10000
B)$12000
C)$11000
D)$12900

question 18

Multiple Choice

M.Cornett is a corporation that sells breakfast cereal.Based on the accounts listed below what are M.Cornett's total trade receivables? $\begin{array}{lr}\text { Income tax refund due } & \$ 500 \\\text { Advance due to the company from } & \\\text { the company president } & 300 \\\text { 3-month note due from } \mathrm{M} \text {. Cornett's main customer } & 2,000 \\\text { Interest due this month on the above note } & 100 \\\text { Due and unpaid from this month's sales } & 9,000 \\\text { Due and unpaid from last month's sales } & 1,000\\\end{array}$

• A)$10000
• B)$12000
• C)$11000
• D)$12900