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During the Current Year,Kelso Construction Had $976,000 in Cash Sales

Question 116

Multiple Choice

During the current year,Kelso Construction had $976,000 in cash sales and $3,552,000 in credit sales.The Accounts Receivable balance was $848,000 at the beginning of the year and $680,000 at the end of the year.What was the total cash collected from customers during the year?


A) $4,696,000
B) $4,528,000
C) $4,360,000
D) $3,720,000

Correct Answer:

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