Question
During 2017 Blossom Company had sales on account of $796000, cash sales of $324000, and collections on account of $523000. In addition, they collected $8700
During 2017 Blossom Company had sales on account of $796000, cash sales of $324000, and collections on account of $523000. In addition, they collected $8700 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable indicates a
A.$597000 increase.
B.$588000 increase.
C.$273000 increase.
D.$264300 increase.
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
