Answer:
The correct answer is $27,350.
Explanation:
According to the scenario, the given data are as follows:
Opening account receivable balance = $17,810
Credit sales = $47,700
Amount collected = $38,160
So, we can calculate the closing accounts receivable balance by using following formula:
Closing Accounts receivable = Opening account receivable + Credit sale -Amount collected
By putting the value, we get
= $17,810 + $47,700 - $38,160
= $27,350
Hence, the closing accounts receivable balance is $27,350.