Determining Cash Collections through Account Analysis
Lewis Company had a beginning balance and ending balance in accounts receivable of $260,000, and $304,000, respectively. Sales on credit were $1,800,000 for the year and the company wrote off accounts totaling $1,320 during the year. What were cash collections from sales during the year?
1. Cash Collections $____
Get Answers For Free
Most questions answered within 1 hours.