Question:XYZ Company reported a balance in Accounts Receivable of $40,500 on January 1 of year 2. During Year 2, the company collected $127,500 from its customers who had purchased on account. On December 31 of Year 2, the company reported a balance in Accounts Receivable of $21,250. How much were XYZ Company's credit sales for Year 2? 

A $108,250 
B $129,500 
C $146,750 
D $148,750 

+ Answer
C 

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Md. Habib Ullah

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