contestada

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.

Respuesta :

Parrain

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

marvineetesh3

The total amount of cash that is collected from the receivables is $13,050.

What are cash receivables?

Cash receivables are lawfully enforceable claims or claims for payment controlled by a business for goods supplied or services generated that customers have ordered but not paid for.

Computation cash:

According to the given information,

Opening accounts receivable = $2,800,

Sales Revenue = $14,000,

Write off amount = $150, and

Closing Accounts Receivable = $3,600

[tex]\text{Cash Received}= \text{Beginning Accounts Receivable + Sales revenue - Receivables Written Off} - \text{Ending Accounts Receivable}\\\\\text{Cash Received}= \$2,800 + \$14,000 - \$150 -\$ 3,600\\\\\\\text{Cash Received}= $13,050[/tex]

Therefore, the total amount of cash that is collected from the receivables is $13,050.

Learn more about the cash receivables, refer to:

https://brainly.com/question/13956297

Otras preguntas