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Point 1: Nashville again April with accounts receivable and $49,000 and a credit balance in allowance for uncollectible accounts of $1000. We made $500,000 in credit sales sales on account during April. Collections from customers total of 493,000. One customer Frank Jones, could not pay his 1200 accounts receivable. On April 7 he negotiated to exchange his past you account for a $1200, 4%, three month note receivable. Historically one percent of credit sales have proved uncollectible three in April, $375 of old accounts receivable were written off as a collectible.
Point 2: Nash begin April with accounts receivable of $49,000 and a credit balance in allowance for uncollectible accounts of $1000. We made $500,000 in credit sales sales on account during April. Collections from customers total 493,000. One customer Frank Jones, could not pay his 1200 account receivable. On April 7 he negotiated to exchange his past you account for a $1200, 4%, three month note receivable. Historically 1% of credit sales have proved uncollectible three in April, $375 of old accounts receivable were written off as uncollectible.
Question 1: What amount of receivables does Nash expect to collect from its customers at April 30?
Option A. $54,425
Option B. $50,000
Option C. $49,175
Option D. $48,800
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