The Following Information Is for the Month of January Find the Ending Accounts Receivable for January

question 80

Multiple Choice

The following information is for the month of January. $$\begin{array} { | l | l | c | } \hline \text { (I.) } & \text { Beginning accounts receivable } & = \$ 40 \text { million } \\\hline \text { (II) } & \text { Sales for January } & = \$ 160 \text { million } \\\hline \text { (III) } & \text { Collection for January } & = \$ 145 \text { million } \\\hline\end{array}$$ Find the ending accounts receivable for January.

• A)$25 million
• B)$55 million
• C)$75 million
• D)$265 million

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