In order to increase the sales revenue, the business entities sold goods on a credit basis. Business organizations are required to timely recover the dues amount from their accounts receivable to reduce the chances of the occurrence of bad debt . The amount collected from the customers.

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Chapter 7, Problem 7.17E

To determine

Introduction: In order to increase the sales revenue, the business entities sold goods on a credit basis. Business organizations are required to timely recover the dues amount from their accounts receivable to reduce the chances of the occurrence of bad debt.

The amount collected from the customers.

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