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Thursday, 1 August 2013


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.

Wish you good luck!

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