The balance in Accounts Receivable was $650,000 at the beginning of the year and $760,000 at the end of the year.Credit sales for the year totaled $4,130,000.During the year,$410,000 in customer accounts were written off.How much cash was collected from customers during the period?
A)$3,610,000
B)$4,020,000
C)$4,430,000
D)$4,650,000

Question

Quizplus · Accepted Answer

650,000 + 4,130,000 - 410,000 - x = 760,000
x = 3,610,000

The Balance in Accounts Receivable Was $650,000 at the Beginning