Consider the Following Account Balances and Other Information, and Answer

question 33

Multiple Choice

Consider the following account balances and other information, and answer the question that follows.
$\begin{array}{lccc} & \text { 30 June 20X1 } & \text { 30 June 20X2 } & \text { 30 June 20X3 } \\& \text { \$000 } & \text { \$000 } & \text { \$000 } \\\text { Accounts receivable } & 1000 & 2000 & 1500 \\\text { Estimated uncollectible debts } & 10 & 11 & 12 \\\text { Uncollectible debts expense } & \mathrm{Ni} 1 & 1 & 3\end{array}$
Credit sales for the year ended 30 June 20X2 totaled $2 200 000 and credit sales for the year ended 30 June 20X3 totaled $3 000 000.Bad debts were all recognised by debiting the Estimated uncollectible debts account.What was the total amount of cash received from customers over the period 1 July 20X1 to 30 June 20X3?

• A)$4 697 000
• B)$4 698 000
• C)$4 700 000
• D)$4 702 000

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