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22 22. During 2020, Tito Inc. had sales on account of $200,000, cash sales of $75,000, and collections on account of $155,000. In addition,
22 22. During 2020, Tito Inc. had sales on account of $200,000, cash sales of $75,000, and collections on account of $155,000. In addition, they collected $5,000 which had been written off as uncollectible in 2019. As a result of these transactions, the change in the accounts receivable balance indicates a (a, $45,000 increase. b. $50,000 increase. C. $115,000 increase. d. $200,000 increase. Change in sales on account - C Recto recorvalle
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