The Balance of the Accounts Receivable Balance of XYZ Pty

Multiple Choice

The balance of the accounts receivable balance of XYZ Pty Ltd was $23 000 at the beginning of the financial year ended 30 June and $27 000 at the end of the period. The total credit sales for the company for the financial year was $132 000. Bad debts write-off totalled $5500. What was the total of the cash received from accounts receivable during the year?

A) $118 500
B) $122 500
C) $128 000
D) $133 500