M Cornett Is a Corporation That Sells Breakfast Cereal A)$10,000
B)$12,000
C)$11,000
D)$12,900

Multiple Choice

M. Cornett is a corporation that sells breakfast cereal. Based on the accounts listed below, what are M. Cornett's total trade receivables? $\begin{array}{lr}\text { Income tax refund due }&\$500\\\text { Advance due to the company from }\\\text { the company president }&300\\\text { 3-month note due from M. Cornett's main customer } & 2,000 \\\text { Interest due this month on the above note } & 100 \\\text { Due and unpaid from this month's sales } & 9,000 \\\text { Due and unpaid from last month's sales } & 1,000\end{array}$

A) $10,000
B) $12,000
C) $11,000
D) $12,900