The balance in Accounts Receivable was $650,000 at the beginning of the year and $750,000 at the end of the year.Credit sales for the year totaled $4,100,000.During the year,$400,000 in customer accounts were written off.How much cash was collected from customers during the period?

Question

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Beginning balance + Credit sales - Ending balance - Write-offs = Cash collected$650,000 + $4,100,000 - $750,000 - $400,000 = $3,600,000

The Balance in Accounts Receivable Was $650,000 at the Beginning