The following transactions took place at P and W Capital Investments.

INSTRUCTIONS
Analyze each of the transactions. For each transaction, decide what accounts are affected and set up T accounts. Record the effects of the transaction in the T accounts.

TRANSACTIONS
1. Paid $4,800 for the current month’s rent.
2. Performed services for $9,000 in cash.
3. Paid salaries of $6,900.
4. Performed additional services for $12,500 on credit.
5. Paid $1,580 for the monthly telephone bill.
6. Collected $6,500 from accounts receivable.
7. Received a $297 refund for an overcharge on the telephone bill.
8. Performed services for $8,560 on credit.
9. Paid $950 in cash for the monthly electric bill.
10. Paid $875 in cash for gasoline purchased for the firm’s van during the month.
11. Received $3,500 from charge account customers.
12. Performed services for $9,400 in cash.

Analyze: 

What total cash was collected for Accounts Receivable during the month?