1) What is the balance of accounts receivable on March 31?

A) $11,000

B) $12,000

C) $72,000

D) $83,000

2) What are the cash collections for March?

A) $132,000

B) $18,000

C) $120,000

D) $107,000

3) What is the balance of accounts receivable on April 30?

A) $80,000

B) $89,000

C) $30,000

D) $189,000

Use the following information to answer questions 1-3: January February March April Cash Sales $40,000 $35,000 $25,000 $30,000 Credit Sales $120,000 $110,000 $90,000 $100,000 20% of the credit sales are collected in the month of sale. 70% in the month after sale, and 10% in the second month after sale. What is the balance of accounts receivable on March 317 Multiple Choice $11,000 O $12,000 O $72,000 $83.000 1 of 10 MacBook Pro