Question

the balance in A/R on 1/1/2017 was 21. the balance kn 12/31/2017 was 35. sales for...

the balance in A/R on 1/1/2017 was 21. the balance kn 12/31/2017 was 35. sales for 2017 were 144. 2 in accounts were written off. what amount of cash was collected from customers during 2017?

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Answer #1
Calculation of cash collected from customers
Beginning AR               21
Add: Sales during the year            144
Less: Ending AR            (35)
Less: AR written off               (2)
Cash collected from AR            128
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