The Accounts Receivable account for Johnny's Mechanic Shop had a beginning balance of $35,000. During the month, Johnny made sales on account of $42,000. The ending balance in the Accounts Receivable account is $32,000
What are cash collections for the month?
A) $35,000
B) $42,000
C) $45,000
D) $77,000
C
Explanation: C) $35,000 + $42,000 - $32,000 = $45,000
Business
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