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credit sales = $8,000. Beginning and ending accounts receivable = $1,800 and $1,400, respectively. What are collections and the age of accounts receivable, assuming a
credit sales = $8,000. Beginning and ending accounts receivable = $1,800 and $1,400, respectively. What are collections and the age of accounts receivable, assuming a 360-day year?
A. $7,600 and 36 days.
B. $7,600 and 72 days.
C. $8,000 and 10 days.
D. $8,400 and 36 days.
E. $8,400 and 72 days.
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