Bennett Company Reported Sales on Its Income Statement Last Year

Multiple Choice

Bennett Company reported sales on its income statement last year of $345,000.On the company's statement of cash flows,sales adjusted to a cash basis were $337,000.(The company uses the direct method to determine the net cash provided by operating activities. ) Bennett Company reported the following account balances on its comparative balance sheet: Based on this information,the beginning Accounts Receivable balance was:

A) $12,000
B) $17,000
C) $28,000
D) $14,000