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vlada-n [284]
2 years ago
13

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.
Business
1 answer:
Mice21 [21]2 years ago
4 0

Answer: $13,050

Explanation:

The Cash collected from receivables can be calculated by;

= Beginning Accounts Receivable + Sales revenue - Receivables written off - Ending Accounts Receivable

= 2,800 + 14,000 - 150 - 3,600

= $13,050

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