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* Your answer is incorrect. Oriole Company had a beginning balance in accounts receivable of $72.550 and an ending balance of $88.770. Credit sales during the period were $643,990. Determine cash collections. Cash collections $ 627720 Your answer is partially correct. Record the following transactions on the books of Sandhill Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Sandhill Co. sold merchandise on account to Stacey Inc. for $23.500, terms 3/10./30. (b) On July 8, Stacey Inc returned merchandise worth $2.500 to Sandhill Co. (c) On July 11, Stacey Inc. paid for the merchandise. Date Debit Credit Account Titles and Explanation Accounts Receivable July 1 23.500 23.500 Sales Revenue Sales Returns and Allowances July 8 2.500 Accounts Receivable 2.500 July 11 Cash 20580 Sales Discounts 420 Accounts Receivable 21,000