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The comparative balance sheets of Sloan Company reveal that the accounts receivable (before deducting allowances) increased by $25,040 in 2013. During the same time period,
The comparative balance sheets of Sloan Company reveal that the accounts receivable (before deducting allowances) increased by $25,040 in 2013. During the same time period, the allowances for uncollectible accounts increased by $3,200. If Sloan wrote off $420 in 2013 and bad debts expense was 1.6% of sales, how much cash was collected from customers during the year? Show all your work. also sales revenue wasn't given
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