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Zamunda Corp. began operations in January 2020. During the first quarter, Zamunda had $300,000 in sales to customers, all on account. By the end of
Zamunda Corp. began operations in January 2020. During the first quarter, Zamunda had $300,000 in sales to customers, all on account. By the end of the first quarter, Zamunda had already collected $120,000 from customers, with the remaining $180,000 still outstanding. Zamunda estimates that it will be able to collect $160,000 of the $180,000 in outstanding accounts receivable. What amount will Zamunda report for Accounts Receivable on its first-quarter balance sheet? (just enter the number, without any commas or a dollar sign)
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