Data relating to three companies that each had sales of $850,000 during the year follow:
a_Company A's accounts receivable balance increased $217,500 during the year.
b_Company B had a beginning balance in accounts receivable of $328,400 and an ending balance of $142,900.
c_Company C had a decrease in its accounts receivable account of $53,200.
Determine the amount of cash collected from customers by each company.

Question

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The Answer of Data relating to three companies that each had sales of $850,000 during the year follow:
a_Company A's accounts receivable balance increased $217,500 during the year.
b_Company B had a beginning balance in accounts receivable of $328,400 and an ending balance of $142,900.
c_Company C had a decrease in its accounts receivable account of $53,200.
Determine the amount of cash collected from customers by each company.

Data Relating to Three Companies That Each Had Sales of $850,000