Carlton Company Reported on Its Income Statement Sales for the Year

Multiple Choice

Carlton Company reported on its income statement sales for the year just ended of $435,000.Sales during the year adjusted to the cash basis on its statement of cash flows constructed using the direct method were $460,000.Carlton Company recorded the following account balances: Based on this information,the balance in Accounts Receivable at the beginning of the year was:

A) $60,000
B) $63,000
C) $59,000
D) $10,000