Beginning accounts receivable were $135,720 and ending accounts receivable were $128,640 All sales were on credit and totaled $1,682,480 Required Determine how much cash was collected from customers ...

Accounts Receivable Beginning ...

Beginning accounts receivable were $135,720 and ending accounts receivable were $128,640. All sales were on credit and

Question:

Beginning were $135,720 and ending were $128,640.
All sales were on credit and totaled $1,682,480.
Required:
Determine how much cash was collected from customers. Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...