At the Beginning of the Year, Accounts Receivable Were $45,000

Multiple Choice

At the beginning of the year, accounts receivable were $45,000 and the allowance for bad debts was $4,200.During the year, sales (all on account) were $180,000, cash collections were $165,000, bad debts expense totaled $3,100, and $2,600 of accounts receivable were written off as bad debts. The balance at the end of the year for the Accounts Receivable account was:

A) $42,400.
B) $54,300.
C) $57,400.
D) $60,000.