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During 2022, Wheeler Inc

Question 132

Multiple Choice

During 2022, Wheeler Inc.had sales on account of $792,000, cash sales of $324,000, and collections on account of $504,000.In addition, they collected $8,700 which had been written off as uncollectible in 2021.As a result of these transactions, the change in the accounts receivable indicates a


A) $603,300 increase.
B) $288,000 increase.
C) $279,300 increase.
D) $612,000 increase.

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