During Its First Year of Operations,Widgets Incorporated Reported Sales Revenue

question 112

Multiple Choice

During its first year of operations,Widgets Incorporated reported sales revenue of $386,000 but collected only $303,000 from customers.The amount to be reported as accounts receivable at the end of the year is:

• A)$689,000.
• B)$386,000.
• C)$303,000.
• D)$83,000.