What Accounts Receivable Balance Would Dinty Report in Its First

question 72

Multiple Choice

What accounts receivable balance would Dinty report in its first year-end balance sheet?

• A)$196,000
• B)$218,000
• C)$230,000
• D)None of these is correct.Credit sales Cash collections Write-offs = Change in Accounts receivable So, $2,200,000 1,950,000 32,000 = $218,000.

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