The Balance in Accounts Receivable Was $650,000 at the Beginning

question 143

Multiple Choice

The balance in Accounts Receivable was $650,000 at the beginning of the year and $750,000 at the end of the year.Credit sales for the year totaled $4,100,000.During the year,$400,000 in customer accounts were written off.How much cash was collected from customers during the period?

• A)$3,600,000
• B)$4,000,000
• C)$4,400,000
• D)$4,800,000

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