Use the Information Below to Answer the Following Question(s)

question 7

Multiple Choice

Use the information below to answer the following question(s) .Gold Corporation has the following sales budget for the last six months of 2019:
Historically, the cash collection of sales has been as follows:

-What is the ending balance of accounts receivable at the end of September assuming uncollectible balance is written off in the third month after the sale?

• A)$199,000
• B)$108,000
• C)$104,000
• D)$93,000
• E)$88,000

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Definitions:

Trawl Fishing

A method of fishing that involves dragging a large net through the water, either at midwater or along the sea bottom.

Ocean Floor Ecosystems

Diverse habitats found on the ocean floor, ranging from deep sea vents to coral reefs, supporting a wide variety of life forms.

Destructive Effects

Negative impacts that lead to damage, deterioration, or the reduction of value or function in various contexts.