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question mc qu 40 lo 21 03 21 08 bowers corporation reported thefollowing bowers cor 4293649

Question

MC Qu. 40 LO 21-03, 21-08 Bowers Corporation reported thefollowing…

Bowers Corporation reported the following ($ in 000s) for theyear:

 

 

Balance

 

Beginning

Ending

  Accountsreceivable

$560    

$830    

     

 

Sales on account were $1,860 for the year. How much cash wascollected from customers on account?

 

$1,576.

$1,590.

$1,591.

$2,116.

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