MyLab and Mastering Take a quiz/Test × @ Take a Test-zakla opiani × O INVESTMENT

Question

MyLab and Mastering Take a quiz/Test × @ Take a Test-zakla opiani × O INVESTMENT-LECTURE 1- Chapter 5 Lecture-Part 1-Y. × ·c Secure l https://www.mathxl.com/Student/PlayerTest.aspx?testld-176891558&centerwin-ves; BUSAC 186 -2561 MW 10-11:50AM zakia opiani | 3/9/18 7:23 AM Quiz: Chapter 5 Quiz Time Remalning: 01:28:59 Submit Quiz This Question: 1 pt 12 of 22 (0 complete) | This Quiz: 25 pts possible Tanya Company has the following information Accounts Receivable, January 1, 2017 Accounts Receivable, December 31, 2017 Credit Sales Cash Sales Write offs of uncollectible accounts $220,000 410,000 1,810,000 1,040,000 12,000 What are collections from customers during 2017? OA. $1,620,000 OB. $1,608,000 O C. $2,660,000 O D. $2,648,000 Click to select your answer.

Explanation / Answer

Collections from customers during 2017 = 1040000+1810000+220000-410000-12000= $2648000 Option D is correct

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