On January 1, the balance of Fink Corporation's Accounts Receivable was $10,000. Sales on account amounted to $80,000 during the year. The ending balance of Accounts Receivable was $16,000. What is the amount of cash collected from customers?
A)$64,000
B)$90,000
C)$86,000
D)$74,000

Question

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The Answer of On January 1, the balance of Fink Corporation's Accounts Receivable was $10,000. Sales on account amounted to $80,000 during the year. The ending balance of Accounts Receivable was $16,000. What is the amount of cash collected from customers?
A)$64,000
B)$90,000
C)$86,000
D)$74,000

On January 1, the Balance of Fink Corporation's Accounts Receivable