In 2014,Pingry Company's accounts receivableAccounts Receivable balance increased by $14,000 during the year.The company's income statement reports sales revenue of $437,500,all on account.How much cash did Pingrywas collected from customers on accounts receivable during the year?

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Beginning balance + Revenue recognized on account - Cash collections from customers = Ending balance
Beginning balance + $437,500 - Cash collections from customers = Ending balance
(Beginning balance - Ending balance)+ Cash collections from customers = $437,500
$14,000 + Cash collections from customers = $437,500
Cash collections from customers = $437,500 - $14,000 = $423,500

In 2014,Pingry Company's Accounts ReceivableAccounts Receivable Balance Increased by $14,000