Denarii Group reported accrual sales revenue of $65,000 for 2020. Accounts receivable were $6,200 on January 1, 2020, and $5,700 on December 31, 2020. What amount of cash was collected from customers?

Denarii Group reported accrual sales revenue of $65,000 for 2020. Accounts receivable were $6,200 on January 1, 2020, and $5,700 on December 31, 2020. What amount of cash was collected from customers?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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Can you help me solve this general accounting question using the correct accounting procedures?

Denarii Group reported accrual sales revenue of
$65,000 for 2020. Accounts receivable were $6,200
on January 1, 2020, and $5,700 on December 31,
2020. What amount of cash was collected from
customers?

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