At the Beginning of 2014, Mark's Sales Had the Following

Multiple Choice

At the beginning of 2014, Mark's sales had the following ledger balances: During the year there were $450 000 of credit sales, $460 000 of collections, and $3 700 of write- offs. At the end of the year, Mark's adjusted for Bad debts expense using the ageing- of- accounts method, and calculated an amount of $1 600 as their estimate of bad debts. At the end of the year, what was the balance in the Accounts receivable?

A) $14 000
B) $21 300
C) $10 300
D) $3 700