How much cash was collected from customers during the period


Problem

The balance in Accounts Receivable was $700,000 at the beginning of the year and $790,000 at the end of the year. Credit sales for the year totaled $4, 100,000. During the year, $400,000 in customer accounts was written off. How much cash was collected from customers during the period?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: How much cash was collected from customers during the period
Reference No:- TGS03337399

Expected delivery within 24 Hours