Hampton Industries began December with $17.5 million in accounts receivables. During the month it collected $3.5 million from customers who had previously purchased on credit and it sold $5 million in merchandise on credit. What is Hampton’s accounts receivables balance at the end of the month?

• $9 million
• $16 million
• $19 million
• $26 million

Answer rating: 100% (QA)

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