Multiple Choice
Simmons Company began the month with a balance of $84,000 in Accounts Receivable.An analysis of the account determined that sales on account for the month totaled $113,000.At the end of the month,the balance in Accounts Receivable was $86,000.From this information,it can be determined that Simmons Company had collections from customers on account of:
A) $29,000.
B) $57,000.
C) $115,000.
D) $111,000.
Correct Answer:
Verified
Correct Answer:
Verified
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