If the Cash Collections from Customers Amounted to $529,700 and the Accounts

question 33

Multiple Choice

If the cash collections from customers amounted to $529,700 and the Accounts Receivable account decreased $19,400 during the same period, sales for the period (assuming all sales are on credit) :

• A)were $529,700.
• B)were $510,300.
• C)were $547,200.
• D)cannot be determined from the information given.