Solved

Pierce Corporation Reported a $3,600 Balance in Accounts Receivable on January

Question 4

Multiple Choice

Pierce Corporation reported a $3,600 balance in accounts receivable on January 1,Year 2.During the year,sales on account in the amount of $24,800 were made.If the ending balance of accounts receivable is $3,700,what is the amount of cash received from customers?


A) $21,200
B) $21,500
C) $28,400
D) $24,700

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents