Multiple Choice
A newly created design business called Smart Art is just finishing up its first year of operations.During the year,there were credit sales of $40,000 and collections of $36,000.One account for $650 was written off.Smart Art uses the aging method to account for uncollectible account expense,and has calculated an amount of $200 as their estimate of uncollectible amounts at year-end.
-At the end of the year,what is the ending balance in Accounts receivable?
A) $4,000
B) $36,000
C) $3,350
D) $39,350
Correct Answer:

Verified
Correct Answer:
Verified
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