Accounts Receivable Balance}

Ray's beginning and ending accounts receivables balances are \(\$ 147,990\) and \(\$ 142,720\), respectively. Ray's sold \(\$ 3,745,060\) of merchandise, of which \(50 \%\) was on credit.

\section*{Required:}

Determine the amount of accounts receivable collected in the period.

\section*{Brief Exercise