Altoon Manufacturing's Records Were Partially Destroyed in a Flood

question 51

Multiple Choice

Altoon Manufacturing's records were partially destroyed in a flood.The company does not know what sales have been for the year,but it does know all sales were on account.Also,the beginning accounts receivable balance was $19,000,and its accounts receivable balance at the time of the flood was $25,000.From the beginning of the year until the flood,cash collections from credit customers were $158,000.Given this information,what are Altoon Manufacturing's sales for the year until the flood?

• A)$164,000
• B)$114,000
• C)$202,000
• D)$209,000
• E)$189,000

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