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:

Verified
Correct Answer:
Verified
Q115: A company performs services for a client
Q116: When an expense account is increased:<br>A)an amount
Q117: When a trial balance is out of
Q118: Each journal entry should contain a brief
Q119: The left-hand side of a T account
Q121: A record of all the changes in
Q122: Prepare the journal entry for the following
Q123: A company had credit sales of $40,000
Q124: Accounting transactions are initially recorded in the:<br>A)T-account.<br>B)ledger.<br>C)journal.<br>D)financial
Q125: A bookkeeper posted the same journal entry