Beginning Accounts Receivable Are $76,000

question 35

Multiple Choice

Beginning accounts receivable are $76,000. Sales for the period total $384,000, of which $40,000 was directly for cash. $418,000 was collected from making sales and collecting accounts receivable. What is the ending balance for accounts receivable?

• A) $42,000
• B) $2,000
• C) $82,000
• D) $68,000

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