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The Accounts Receivable account had a beginning balance of $18,500 and an ending balance of $22,300. During the period, the company provided services on credit totaling $45,800. What was the amount of collections from customers during this period? a. $42,000 b. $49,600 c. $63,600 d. $41,100 e. $86,600

The Accounts Receivable account had a beginning balance of $18,500 and an ending balance of $22,300. During the period, the company provided services on credit totaling $45,800. What was the amount of collections from customers during this period? a. $42,000 b. $49,600 c. $63,600 d. $41,100 e. $86,600

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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The Accounts Receivable account had a beginning balance of $18,500 and an ending balance of $22,300. During the period, the company provided services on credit totaling $45,800. What was the amount of collections from customers during this period? a. $42,000 b. $49,600 c. $63,600 d. $41,100 e. $86,600
Transcribed Image Text:The Accounts Receivable account had a beginning balance of $18,500 and an ending balance of $22,300. During the period, the company provided services on credit totaling $45,800. What was the amount of collections from customers during this period? a. $42,000 b. $49,600 c. $63,600 d. $41,100 e. $86,600
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