This is question 6

Company L sells its product directly to wholesale customers and retail customers. For the wholesale customers, Company L uses accounts receivable. For retail customers, Company L requires a credit card payment. For its wholesale customers, Company L reports a beginning Accounts Receivable balance of $510,000 and an ending Accounts Receivable balance of $470,000. Assume Company L writes-off $20,000 Accounts Receivable as uncollectible and sells $370,000 of sales on account (credit sales). For its retail customers, Company L sold $250,000 sales on credit cards. The credit card company charged Company L a 4% collection fee. A. How much cash did Company L collect from wholesale customers? B. How much cash did Company L collect from retail customers? Edit View Insert Format Tools Table 12pt Paragraph | BI U A _ TED ...D Question 6 10 pts Company L sells its product directly to wholesale customers and retail customers. For the wholesale customers, Company L uses accounts receivable. For retail customers, Company L requires a credit card payment. For its wholesale customers, Company L reports a beginning Accounts Receivable balance of $510,000 and ending Accounts Receivable balance of $470,000. Assume Company L writes-off $20,000 Accounts Receiv as uncollectible and sells $370,000 of sales on account (credit sales). For its retail customers, Company L sold $250,000 sales on credit cards. The credit card company charg Company L a 4% collection fee. A. How much cash did Company L collect from wholesale customers? B. How much cash did Company L collect from retail customers? Edit View Insert Format Tools Table 12pt ~ Paragraph | B I U A 2 TV EV # 1