During 2022 Concord Corporation had sales on account of $745000, cash sales of $316000, and collections on account of $512000. In addition, they collected $9400 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a

$233000 increase.

$548000 increase.

$223600 increase.

$549000 increase.

Answer rating: 100% (QA)

A C 1 Particulars Amount 2 Sales on account 745000 3 Less Collection on account 512000 4 ... View the full answer