Multiple Choice
During 2010, Hitchcock Inc. had sales on account of $132,000, cash sales of $54,000, and collections on account of $84,000. In addition, they collected $1,450 which had been written off as uncollectible in 2009. As a result of these transactions, the change in the accounts receivable balance indicates a
A) $100,550 increase.
B) $48,000 increase.
C) $46,550 increase.
D) $102,000 increase.
Correct Answer:
Verified
Correct Answer:
Verified
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