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For Engle Company, the Balance in Accounts Receivable at the Beginning

Question 121

Multiple Choice

For Engle Company, the balance in Accounts Receivable at the beginning of the period was $800. During the period $3,200 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $400, and uncollectible accounts of $200 were written off, the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:


A) $3,400.
B) $3,200.
C) $4,000.
D) $3,300.

Correct Answer:

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