Which of the following best describes accounts receivable?

Multiple Choice

The amount of cash not expected to be collected by a company

from its customers from the sale of goods or services on account

$($bad debts$)$

The amount of cash collected by a company from its customers

from the sale of goods or services on account

The amounts owed by a company to its vendors for purchases of

goods or services on account

The amounts owed to a company by its customers from the sale

of goods or services on account