During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of

Question

3 years ago

14

During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of

$168,000. In addition, Sedgewick Company also collected $2,900 from a customer whose account Sedgewick Company had written off as uncollectible in the prior year. As a result of these transactions, the current year's change in the accounts receivable balance is aa. $201,100 increase.b. $96,000 increase.c. $93,100 increase.d. $204,000 increase.

Business

1 answer:

Romashka [77] · Answer 1 · 2022-02-16T18:38:43+03:00

Romashka [77]3 years ago

7 0

Answer:

B. $96,000

Explanation:

$264,000 - $168,000 = $96,000