The amount of Cash? On January 1, 2015, AccountsReceivable was $37,000. Sales onaccount for 2015 totaled $196,000.The ending balance of AccountsReceivable was $66,000.What is the amount of cash collectedfrom customers?

Explanation of Accounts Receivable: This represents the money owed to a business by its customers…

Answered: On January 1, 2015, Accounts Receivable…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 17EA: Use the following excerpts from Algona Companys financial statements to determine cash received from...

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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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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?