Carmichael Inc. has a beginning balance in Accounts Receivable of $100,000 at June 1. On...
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Accounting
Carmichael Inc. has a beginning balance in Accounts Receivable of $100,000 at June 1. On June 24, Carmichael sells $20,000 of merchandise to K. Low, terms 2/10, n/30. Assuming just these two transactions occurred, what is the ending balance in Accounts Receivable at June 30?
A. 120000 B. 100000 C. 117600 D. 119600
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