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Pinkerton

question 29

Multiple Choice

Use the information below to answer the following questions:
Pinkerton Ltd uses a perpetual control system for its inventory. It had the following data for a recent period:
$$ Beginning accounts receivable 100000 Sales (all credit)  720000 Beginning accounts payable 70000 Cash received from customers 680000 Beginning inventory 160000 Cash paid to suppliers 380000 Purchases (all credit)  350000 Ending inventory count 90000\begin{array} { l r l c } & \$ & & \$ \\\text { Beginning accounts receivable } & 100000 & \text { Sales (all credit) } & 720000 \\\text { Beginning accounts payable } & 70000 & \text { Cash received from customers } & 680000 \\\text { Beginning inventory } & 160000 & \text { Cash paid to suppliers } & 380000 \\\text { Purchases (all credit) } & 350000 & & \\\text { Ending inventory count } & 90000 & &\end{array}
-What is the balance of Pinkerton Ltd's accounts receivable at year-end?


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