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 $113,000.At the end of the month,the balance in Accounts Receivable was $86,000.From this information,it can be determined that Simmons Company had collections from customers on account of:
A)$29,000.
B)$57,000.
C)$115,000.
D)$111,000.

Question

Quizplus · Accepted Answer

$84,000 + $113,000 - $86,000 = $111,000

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