Which one of the following is the normal order of events when a firm is collecting an account receivable from a customer?

Multiple Choice

Legal action, delinquency letter, phone call, collection agency.

Delinquency letter, collection agency, phone call, legal action.

Delinquency letter, phone call, collection agency, Legal action

Phone call, collection agency, delinquency letter, legal action.

Collection agency, delinquency letter, phone call, legal action.