The Balance in Accounts Receivable at the Beginning of the Year

Multiple Choice

The balance in Accounts Receivable at the beginning of the year was $530,000. The balance in Accounts Receivable at the end of the year was $740,000. Customer accounts of $410,000 were written off. The company collected $4,100,000 from credit customers and $1,030,000 from cash customers. What are credit sales for the year?

A) $4,300,000
B) $4,100,000
C) $4,510,000
D) $4,720,000