Answer:
$2,626,000
Explanation:
The computation of collections from customers is shown below:
Ending balance of accounts receivable = Beginning balance + credit sales - customers’ accounts collected - write off amount
$400,000 = $230,000 + $1,810,000 - customers’ accounts collected - $14,000
$400,000 = $2,026,000 - customers’ accounts collected
So, the customer account collected would be
= $2,026,000 - $400,000
= $1,626,000
And, the cash sales is $1,000,000
So, the total amount collected would be
= $1,626,000 + $1,000,000
= $2,626,000
Since the question does not specify anything. So we take both the cash sales and the credit sales
