Question: Exercise 7-13 Uncollectible accounts; allowance method; solving for unknowns; General Mills [LO7-5, 7-6 Johnson Mills reported the following information in its 2015 financial statements ($

 Exercise 7-13 Uncollectible accounts; allowance method; solving for unknowns; General Mills

Exercise 7-13 Uncollectible accounts; allowance method; solving for unknowns; General Mills [LO7-5, 7-6 Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: $ 1,747.0 Accounts receivable, net 2015 Income statement: Sales revenue $1,474.2 $18,075.6 A note disclosed that the allowance for uncollectible accounts had a balance of $24.4 million and $25.3 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $15.6 million. Required: Determine the amount of cash collected from customers during 2015. (All sales are on credit. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash collections

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