The beginning balance in Accounts Receivable on Company A's Year 2 Balance Sheet is $20,000. Sales on account during Year 2 are $200,000, cash collections from customers are $105,000, and an account for a customer owing $5,000 was written off because the company didnt think the customer would pay. What is the ending balance in AR on the Year 2 Balance Sheet? Assuming no other transactions affected the account during the year.

Hint: you may find it helpful to use a t-account as you work through this question.

$120,000

$110,000

$115,000

$95,000