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    lopezap1 Posts: 13, Reputation: 1
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    Jul 17, 2012, 07:35 PM
    Account Receivable
    The balance in Accounts Receivable was $650,000 at the beginning of the year and $350,000 at the end of
    The year. Sales for the year totaled $4,100,000. During the year, $400,000 in customer accounts were written
    Off. How much cash was collected from customers during the period?
    A) $3,750,000
    B) $4,000,000
    C) $4,400,000
    D) $4,800,000

    Calculations:
    Accounts Receivable
    Dr Cr
    [LIST][LIST]
    Bal
    collections
    End bal

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