Which of the following best describes accounts receivable?

Multiple Choice

The amounts owed by a company to its vendors for purchases of goods or services on account

The amount of cash not expected to be collected by a company from its customers from the sale of goods or services on account $($b

debts$)$

The amount of cash collected by a company from its customers from the sale of goods or services on account

The amounts owed to a company by its customers from the sale of goods or services on account