In the current accounting period, sales (calculated on an accrual basis) are $180,000 and the cash received from sales is $215 000, therefore:

Select one:

a Credit sales that occurred in a previous period may have been paid for in the current period.

b None of the options are correct.

c Credit sales that occurred in the current period may not yet have been paid for.

d Cash sales for the period were greater than credit sales.