Hart Inc. began the year with $315,700 of accounts receivable. During the year, Hart sold a considerable

Question:

Hart Inc. began the year with $315,700 of During the year, Hart sold a considerable amount of merchandise on credit and collected $2,427,000 of its credit sales. At the end of the year, the balance is $16,800 lower than the beginning balance.
Required:
Calculate the amount of credit sales during the period?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...