Question
The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 2,800 $ 3,600 Allowance for doubtful accounts
The following account balances come from the records of Ourso Company:
| Beginning Balance | Ending Balance | |||||
| Accounts receivable | $ | 2,800 | $ | 3,600 | ||
| Allowance for doubtful accounts | 280 | 350 |
| During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable. |
| Required |
| a. | Determine the amount of cash collected from receivables. ? |
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
