Beginning accounts receivable were $50,000 and ending accounts receivable were $70,000. $300,000 cash was collected from customers'

Question:

Beginning were $50,000 and ending were $70,000. $300,000 cash was collected from customers' credit sales.

Required:
Calculate the amount of sales on account during the period.

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...