The Accounts Receivable Account for Johnny's Mechanic Shop Had a Beginning

question 22

Multiple Choice

The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $32,000.During the month,Johnny made sales on account of $42,000.The ending balance in the Accounts Receivable account is $30,000.What are cash collections for the month?

• A)$32,000
• B)$42,000
• C)$44,000
• D)$74,000

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Definitions:

Risky Behaviors

Actions that involve potential exposure to harm or loss.

Feedback

Information provided by recipients of a service or participants in a process, intended to guide future improvements or actions.

Study Groups

Small groups of students who meet regularly to discuss and learn course material together.

Emotional Intelligence

The ability to understand, manage, and communicate one's feelings, while dealing wisely and compassionately with others in social interactions.