Assuming that all sales were made on the account? Accounts receivable had a balance of $8,100 at the beginningof the month and $3,300 at the end of the month. Credit salestotaled $45,000 during the month.Calculate the cash collected from customers during the month,assuming that all sales were made on the account.

Step 1: Define Accounts ReceivableAccounts receivable impact the income statement and balance sheet,…

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 10EA: Nonnas Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40% in...

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Accounts receivable had a balance of $8,100 at the beginning of the month and $3,300 at the end of the month. Credit sales totaled $45,000 during the month. Calculate the cash collected from customers during the month, assuming that all sales were made on the account.