Carpon Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:The accounts receivable balance, net of uncollectible accounts, at the end of December would be:

Carpon Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:The accounts receivable balance, net of uncollectible accounts, at the end of December would be:




A. $154,000
B. $157,500
C. $85,500
D. $303,600




Answer: A


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