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What are collections from customers during the current year

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Reference no: EM132993178

Tanya Company has the following information:

Accounts Receivable, January 1, 20xx $230,000

Accounts Receivable, December 31, 20xx 400,000

Credit Sales 1,810,000

Cash Sales 1,000,000

Write offs of uncollectible accounts 14,000

Problem 1: What are collections from customers during the current year?

A) $2,626,000

B) $1,626,000

C) $1,640,000

D) $2,640,000

Reference no: EM132993178

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