Cady,Inc.,had beginning and ending accounts receivable balances of $35,000 and 32,000,respectively.During the period,$100,000 was collected from credit customers.What was the amount of credit sales during the period?
A)$135,000
B)$132,000
C)$100,000
D)$97,000

Question

Quizplus · Accepted Answer

The change in accounts receivable is $35,000 - $32,000 = $3,000 decrease. Since $100,000 was collected, credit sales must have been $100,000 - $3,000 = $97,000.

Cady,Inc,had Beginning and Ending Accounts Receivable Balances of $35,000 and 32,000,respectively.During