The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $74,000.If total sales on account were $42,000 for the year, what were the total collections on account?
A)$20,000
B)$64,000
C)$74,000
D)$84,000

Question

Quizplus · Accepted Answer

The Answer of The Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $74,000.If total sales on account were $42,000 for the year, what were the total collections on account?
A)$20,000
B)$64,000
C)$74,000
D)$84,000

The Accounts Receivable Account Has a Beginning Balance of $52,000