The balance in accounts receivable
at the beginning of 2011 was $640. During 2011, $3,100 of credit sales were
recorded. If the ending balance in accounts receivable was $250 and $200 in
accounts receivable were written off during the year, the amount of cash
collected from customers during 2011 was:
|
$3,490.
|
|
$3,100.
|
|
$3,290.
|
|
$3,740.
|
Correct answer is $3,290
Explanation of the Answer is$640 + 3,100 − 200 − 250 = $3,290.
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