Question

During 2022 Windsor, Inc. had sales on account of $734000, cash sales of $312000, and collections on account of $516000. In addition, they collected $9900 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a

a. $533000 increase.
b. $218000 increase.
c. $530000 increase.
d. $208100 increase.

Answer 1

b. $218000 increase.

Step-by-step explanation:

increase in amount = $734000 - $516000

= $218000

Therefore, As a result of these transactions the change in the accounts receivable indicates a $218000 increase.