
The Sports Store has a beginning receivables balance on January 1 of $2,640. Sales for January through April are $3,440, $3,590, $2,690, and $4,720, respectively. The accounts receivable period is 45 days. How much did the store collect in the month of April? Assume a year has 360 days.
A) $3,515
B) $3,445
C) $3,140
D) $3,690
E) $3,705
Correct Answer:
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