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During 2017, King Corporation wrote off accounts receivable totaling $25,000 and made sales, all on account, of $710,000. Other information about the company's sales activities
During 2017, King Corporation wrote off accounts receivable totaling $25,000 and made sales, all on account, of $710,000. Other information about the company's sales activities follows: Beginning of 2017 $170,000 End of 2017 Accounts receivable Allowance for uncollectible accounts $140,000 50,000 22,000 In addition, in February 2017, King accepted a $6,000 note from a customer whose account was overdue. King collected $2,300 on this note during December 2017. Required Prepare a schedule showing the amount of cash collected from customers during 2017 Total cash collected from customers
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