Multiple Choice Question 135 Wildhorse Co. had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a balance of $902000 at the end of the year. Net credit sales during the year amounted to $8063000. The average collection period of the receivables in terms of days was 38.4 days. 4 days. 36.1 days. 37 days.