Ask Question
12 November, 12:46

During 2022 Windsor, Inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. In addition, they collected $9900 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a

a. $533000 increase.

b. $218000 increase.

c. $530000 increase.

d. $208100 increase.

+5
Answers (1)
  1. 12 November, 14:09
    0
    b. $218000 increase.

    Explanation:

    increase in amount = $734000 - $516000

    = $218000

    Therefore, As a result of these transactions the change in the accounts receivable indicates a $218000 increase.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During 2022 Windsor, Inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. In addition, they ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers