The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $36,000.During the month,Johnny made sales on account of $46,000.The ending balance in the Accounts Receivable account is $32,000.What are cash collections for the month?
A)$36,000
B)$46,000
C)$50,000
D)$82,000

Question

Quizplus · Accepted Answer

$36,000 + $46,000 - $32,000 = $50,000

The Accounts Receivable Account for Johnny's Mechanic Shop Had a Beginning