Simmons Company began the month with a balance of $80,000 in Accounts Receivable.An analysis of the account determined that sales on account for the month totaled $110,000.At the end of the month,the balance in Accounts Receivable was $85,000.From this information,it can be determined that Simmons Company had collections from customers on account of:
A)$30,000.
B)$55,000.
C)$95,000.
D)$105,000.

Question

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The Answer of Simmons Company began the month with a balance of $80,000 in Accounts Receivable.An analysis of the account determined that sales on account for the month totaled $110,000.At the end of the month,the balance in Accounts Receivable was $85,000.From this information,it can be determined that Simmons Company had collections from customers on account of:
A)$30,000.
B)$55,000.
C)$95,000.
D)$105,000.

Simmons Company Began the Month with a Balance of $80,000