During the Year Mike's Bikes Reported That Accounts Receivable Had

Multiple Choice

During the year Mike's Bikes reported that accounts receivable had increased by $13 000. If accrual basis sales were $118 000 the amount of cash received from customers during the year must have been:

A) $105 000.
B) $118 000.
C) $131 000.
D) Cannot be calculated from the information provided.