Reference no: EM132483579

Rona Co. reported sales revenue of $4,600,000 in its income statement for the year ended December 31 2018. Additional information is as follows:

                                               12/31/2018                        12/31/2019

Accounts Receivables                    $1,000,000                    $1,300,000

Allowance for uncollectable accounts (60,000)                      (110,000)

Question 1: Rona wrote off uncollectable account totaling $20,000 during the year 2019. Under the cash basis of accounting, Rona would had reported 2019 sales of

a) $4,900,000

b) $4,350,000

c) $4,300,000

d) $4,280,000