Accounts Receivable Balance} Hart Inc. began the year with ($ 315,700) of accounts receivable. During the year,

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Accounts Receivable Balance}

Hart Inc. began the year with \(\$ 315,700\) of accounts receivable. 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 accounts receivable balance is \(\$ 16,800\) lower than the beginning balance.

\section*{Required:}

Calculate the amount of credit sales during the period.

\section*{Brief 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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