Solved

The Accounts Receivable Account for Johnny's Mechanic Shop Had a Beginning

Question 120

Multiple Choice

The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $36,000.During the month,Johnny made sales on account of $46,000.The ending balance in the Accounts Receivable account is $32,000.What are cash collections for the month?


A) $36,000
B) $46,000
C) $50,000
D) $82,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions