Accounts Receivable Balance Beginning accounts receivable were $275,500 and ending accounts receivable were $302,300. Cash amounting to $2,965,000 was collected from customers' credit sales. Required: Calculate the amount of sales on account during the period.
Accounts Receivable Balance Beginning accounts receivable were $275,500 and ending accounts receivable were $302,300. Cash amounting to $2,965,000 was collected from customers' credit sales. Required: Calculate the amount of sales on account during the period.
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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Accounts Receivable Balance
Beginning accounts receivable were $275,500 and ending accounts receivable were $302,300. Cash amounting to $2,965,000 was collected from customers' credit sales.
Required:
Calculate the amount of sales on account during the period.
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