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

question 120

Multiple Choice

The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $36,000.During the month,Johnny made sales on account of $46,000.The ending balance in the Accounts Receivable account is $32,000.What are cash collections for the month?

• A)$36,000
• B)$46,000
• C)$50,000
• D)$82,000

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