Simmons Company began the month with a balance of $84,000 in Accounts Receivable. An analysis of the account determined that sales on account for the month totaled $112,000. 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)$28,000.
B)$57,000.
C)$113,000.
D)$111,000.

Question

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The Answer of Simmons Company began the month with a balance of $84,000 in Accounts Receivable. An analysis of the account determined that sales on account for the month totaled $112,000. 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)$28,000.
B)$57,000.
C)$113,000.
D)$111,000.

Simmons Company Began the Month with a Balance of $84,000