Question
During 2017 Wheeler Inc. had sales on account of $792,000, cash sales of $324,000, and collections on account of $504,000. In addition, they collected $8,700
During 2017 Wheeler Inc. had sales on account of $792,000, cash sales of $324,000, and collections on account of $504,000. In addition, they collected $8,700 which had been written off as uncollectible in 2016. As a result of these transactions the change in the accounts receivable indicates a
| A. | $603,300 increase. | |
| B. | $612,000 increase. | |
| C. | $279,300 increase. | |
| D. | $288,000 increase. |
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ISE Fundamentals Of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W. Maher
6th Edition
1260569098, 9781260569094
