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Accounts Receivable, beg. 140,000.00; Accounts Receivable, end 75,000; Net Sales - 3,500,000.00. Of the Net Sales, 67% are sales on account. The Cash Collection from Sales on Account amounted to _________. (Round your answers to the nearest 2 decimal places)

Accounts Receivable, beg. 140,000.00; Accounts Receivable, end 75,000; Net Sales - 3,500,000.00. Of the Net Sales, 67% are sales on account. The Cash Collection from Sales on Account amounted to _________. (Round your answers to the nearest 2 decimal places)

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 50BE: Accounts Receivable Balance XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts...
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#1: Accounts Receivable, beg. 140,000.00; Accounts Receivable, end 75,000; Net Sales - 3,500,000.00. Of the Net Sales, 67% are sales on account. The Cash Collection from Sales on Account amounted to _________. (Round your answers to the nearest 2 decimal places)

 

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