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Moxley Corporation had January 1 and December 31 balances as follows for 2017: Accounts Receivable $100,000 beginning & $120,000 ending; Allowance for Doubtful Accounts $2,000
Moxley Corporation had January 1 and December 31 balances as follows for 2017: Accounts Receivable $100,000 beginning & $120,000 ending; Allowance for Doubtful Accounts $2,000 beginning and $3,000 ending. For 2017 Sales was $5,000,000, Cost of Goods Solds was $3,500,000, and Bad Debt Expense was $10,000. Compute Moxley's 2017 cash collected from customers.
5,000,000
4,980,000
4,971,000
4,969,000
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