During Year 2, Oklahoma Trucking Company had service revenue on account of $350,000. Oklahoma had a beginning balance in Accounts Receivable of $35,000 and an ending balance of $42,500. During the year Oklahoma wrote-off $8,750 of receivables. Oklahoma uses the direct write-off method.Required:a)Determine the amount of cash that Oklahoma collected from customers during Year 1

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The Answer of During Year 2, Oklahoma Trucking Company had service revenue on account of $350,000. Oklahoma had a beginning balance in Accounts Receivable of $35,000 and an ending balance of $42,500. During the year Oklahoma wrote-off $8,750 of receivables. Oklahoma uses the direct write-off method.Required:a)Determine the amount of cash that Oklahoma collected from customers during Year 1

During Year 2, Oklahoma Trucking Company Had Service Revenue on Account