During 20B,its Second Year in Operation,Banner Company Delivered Goods to Customers

question 40

Multiple Choice

During 20B,its second year in operation,Banner Company delivered goods to customers for which customers paid or promised to pay $5,850,000.Assume all sales were on account and the amount of cash collected from customers was $5,960,000.The amount of trade receivables at the beginning of 20B was $1,200,000.Based on this information,what is the amount of trade receivables that Banner would report at the end of 20B?

• A)$110,000.
• B)$1,090,000.
• C)$1,310,000.
• D)$5,850,000.

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