Question: The following information was taken from the 2014 financial statement

The following information was taken from the 2014 financial statement of Planet Corporation:
Accounts receivable, January 1, 2014 ......... $ 21,600
Accounts receivable, December 31, 2014 ........ 30,400
Sales on accounts and cash sales ........... 438,000
Uncollectible accounts (bad debts) ........... 1,000
No accounts receivable were written off or recovered during the year.

Required:
Determine the cash collected from customers by Planet Corporation in 2014.



$1.99
Sales0
Views94
Comments
  • CreatedSeptember 10, 2014
  • Files Included
Post your question
5000