General Accounting Accounts Receivable had a balance of$1,080 at the beginning of the month and$810 at the end of the month. Credit salestotaled $10,800 during the month.Calculate the cash collected fromcustomers during the month, assumingthat all sales were made on account.

Explanation: The balance of accounts receivable increases when sales are made on credit basis. Also,…

Answered: Accounts Receivable had a balance of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Accounts Receivable had a balance of $1,080 at the beginning of the month and $810 at the end of the month. Credit sales totaled $10,800 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on account.