Just a little fun!?

Question

What was the sales volume in the current quarter if beginning accounts receivable, at $5,000, was $1,000 higher than ending, and $20,000 was collected?

a: $19,000
b: $20,000
c: $21,000
d: $24,000

Answer 1

If beginning AR was $1k higher than ending, ending AR was $4,000.

Beginning AR + Sales - Collections = Ending AR
$5,000 + Sales - $20,000 = $4,000
So sales was $19,000, answer is (a)