Accounts Receivable Balance} Beginning accounts receivable were ($ 275,500) and ending accounts receivable were ($ 302,300). Cash

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Accounts Receivable Balance}

Beginning accounts receivable were \(\$ 275,500\) and ending accounts receivable were \(\$ 302,300\). Cash amounting to \(\$ 2,965,000\) was collected from customers' credit sales.

\section*{Required:}

Calculate the amount of sales on account during the period.

\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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