Question: 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. Required: Determine

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.
Required:
Determine the amount of cash collections for the period?

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