During the financial year Marina Limited had sales of $720 000. The opening balance of accounts receivable was $103 000, and the closing balance was $139 000. Bad debts amounting to $34 000 were written off during the period. The cash receipts from customers during the year amounted to:

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Sales = $720,000Opening balance of accounts receivable = $103,000Closing balance of accounts receivable = $139,000Bad debts written off = $34,000Cash receipts from customers = Sales + Opening balance of accounts receivable - Closing balance of accounts receivable - Bad debts written off= $720,000 + $103,000 - $139,000 - $34,000= $650,000

During the Financial Year Marina Limited Had Sales of $720