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Birchwood Corporation began 2014 with Accounts Receivable of $450,000. Sales for the year totaled $2,000,000. Birchwood ended the year with accounts receivable of $725,000. Birchwoods bad-debt losses are minimal. How much cash did Birchwood collect from customers in 2014? ○ A. $2,275,000 OB. $2,725,000 O C. $2,000,000 OD, $1,725,000

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Answer #1

Ending AR=Beginning AR+Sales -Cash collections during year

725,000=450,000+2,000,000-Cash collections

Cash collections=450,000+2,000,000-725000

=$1,725,000.

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