Sales on account during the month totaled $78,000.Cash collections of accounts receivable during the month totaled $72,000.The balance in the Accounts Receivable account at the end of the month was $31,000.No accounts receivable were written off as uncollectible during the month.The balance in the Accounts Receivable account at the beginning of the month was:

Question

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Beginning Accounts Receivable = Ending Accounts Receivable + Sales on Account - Cash Collections= $31,000 + $78,000 - $72,000= $25,000

Sales on Account During the Month Totaled $78,000