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The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $12,200. 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 $12,200.
  • The accounts receivable balance at the beginning of the year was $220,000.
  • The accounts receivable balance at the end of the year was $280,000.
  • The allowance for bad debt account balance at the beginning of the year was a $14,700 credit.
  • The allowance for bad debt account balance at the end of the year after the recording of bad debt expense was a $13,600 credit.
  • Credit sales during the year totaled $935,000.

Assuming this is the only relevant information for the year, how much cash was received from collections of accounts receivable during the year?

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