The Balance in Accounts Receivable at the Beginning of the Year

Multiple Choice

The balance in Accounts Receivable at the beginning of the year was $530,000.The balance in Accounts Receivable at the end of the year was $710,000.Customer accounts of $480,000 were written off.The company collected $4,100,000 from credit customers and $1,030,000 from cash customers.What are credit sales for the year?

A) $4,400,000
B) $4,100,000
C) $4,580,000
D) $4,760,000