The Ending Balance of Accounts Receivable Was $69,000

Multiple Choice

The ending balance of accounts receivable was $69,000. Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $354,000. Sales reported on the income statement were $378,000. Based on this information, the beginning balance in accounts receivable was:

A) $93,000
B) $24,000
C) $94,000
D) $45,000