This post calculates the cash collected from customers.
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Accounts Receivable had a blalance of $5400 the beginning of the month and $2,200 at the end of the month. Credit sales totaled $30,000 during the month. Assuming that all sales were made, how would one calculate the cash collected from customers during the month?
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Solution Summary
This solution calculates the cash collected from customers during the month.
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Beginning balance is 5,400
Ending balance is 2,200
Credit sales are 30,000
Cash collected = ...
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