During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of...
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Accounting
During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of $45,000, wrote off $3,600 of uncollectible accounts, and recovered $4,000 of previously written off accounts. If the accounts receivable balance on January 1, 2019 is $26,300, what is the balance in the account on December 31, 2019?
Select one:
a. $41,300
b. $37,700
c. $36,900
d. $75,100
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