Ray's beginning and ending accounts receivables balances are $147,990 and $142,720, respectively. Ray's sold $3,745,060 of merchandise,

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Ray's beginning and ending accounts receivables balances are $147,990 and $142,720, respectively. Ray's sold $3,745,060 of merchandise, of which 50% was on credit.
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Determine the amount of cash collections for the period?

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Cornerstones of Financial Accounting

ISBN: 978-1337690898

4th edition

Authors: Jay Rich, Jeff Jones

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Question Posted: Dec 11, 2017 08:28 AM

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Ray's beginning and ending accounts receivables balances are $147,990 and $142,720, respectively. Ray's sold $3,745,060 of merchandise,

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Cornerstones of Financial Accounting

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