During 2017 Wheeler Inc

Multiple Choice

During 2017 Wheeler Inc. had sales on account of $792,000, cash sales of $324,000, and collections on account of $504,000. In addition, they collected $8,700 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable indicates a

A) $603,300 increase.
B) $288,000 increase.
C) $279,300 increase.
D) $612,000 increase.