Using the information found in the financial statements for the month ended May 31 and the Accounts Receivable T-account, determine its May 31 balance found on the balance sheet. Assume all sales are on account.

Balance Sheet at April 30: Accounts Receivable = $2,000

Statement of Cash Flows: Cash Collected from Customers on the Statement of Cash Flows = $6,000

Income Statement: Sales = $7,000

Balance Sheet at May 31: Accounts Receivable = ______?

		$6,000
		None of these choices are correct.
		$3,000
		$1,000
		$9,000