Question
The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $13,200. The accounts receivable balance at the
The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $13,200. The accounts receivable balance at the beginning of the year was $320,000. . The accounts receivable balance at the end of the year was $380,000. . The allowance for doubtful accounts balance at the beginning of the year was $15,700. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $14,600. Credit sales during the year totaled $985,000 How much cash was received from collections of accounts receivable? Multiple Choice $971,800. $605,000. $911,800 $618,200
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