During 2018, Alfred Inc. had sales on account of $198,000, cash sales of $81,000, and collections on account of $126,000. In addition, they collected $2,175 which had been written off as uncollectible in 2017. As a result of these transactions, the change in the accounts receivable balance indicates a
A) $69,825 increase.
B) $72,000 increase.
C) $150,825 increase.
D) $153,000 increase.
Correct Answer:
Verified
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