If the cash collections from customers amounted to $529,700 and the Accounts Receivable account decreased $19,400 during the same period, sales for the period (assuming all sales are on credit):
A)were $529,700.
B)were $510,300.
C)were $547,200.
D)cannot be determined from the information given.

Question

Quizplus · Accepted Answer

Sales = Cash collections from customers + Decrease in Accounts Receivable= $529,700 + $19,400= $510,300

If the Cash Collections from Customers Amounted to $529,700 and the Accounts