Accounts Receivable Balance Beginning accounts receivable were $80,200, and ending accounts receivable were $83,700. All sales...
Accounts Receivable Balance
Beginning accounts receivable were $80,200, and ending accounts receivable were $83,700. All sales were on credit and totaled $562,900.
Required:
Determine how much cash was collected from customers.
$
Homework Answers
Cash collected from customers = Beginning accounts receivables + Credit sales - Ending accounts receivables
Cash collected from customers = $80200 + $562900 - $83700
Cash collected from customers = $559400
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Accounts Receivable Balance
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