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Altoon Manufacturing's Records Were Partially Destroyed in a Flood

Question 51

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Altoon Manufacturing's records were partially destroyed in a flood.The company does not know what sales have been for the year,but it does know all sales were on account.Also,the beginning accounts receivable balance was $19,000,and its accounts receivable balance at the time of the flood was $25,000.From the beginning of the year until the flood,cash collections from credit customers were $158,000.Given this information,what are Altoon Manufacturing's sales for the year until the flood?


A) $164,000
B) $114,000
C) $202,000
D) $209,000
E) $189,000

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