General Account On January 1, 2015, Accounts Receivablewas $37,000. Sales on account for 2015totaled $196,000. The ending balance ofAccounts Receivable was $66,000. What isthe amount of cash collected fromcustomers?

The cash collected from customers is calculated as follows: Cash collected from customers = Accounts…

Answered: On January 1, 2015, Accounts Receivable…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter8: Revenue Recognition, Receivables, And Advances From Customers

Section: Chapter Questions

Problem 42P

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On January 1, 2015, Accounts Receivable was $37,000. Sales on account for 2015 totaled $196,000. The ending balance of Accounts Receivable was $66,000. What is the amount of cash collected from customers?
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What is the accounts receivable balance?
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Please help me with show all calculation thanku
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On January 1, 2015, Accounts Receivable was $37,000. Sales on account for 2015 totaled $196,000. The ending balance of Accounts Receivable was $66,000. What is the amount of cash collected from customers?