Hamilton Company shows the following information concerning its net realizable value of accounts receivable.
EndingBeginning
Accounts receivable$750,000$625,000
Allowance for uncollectible accounts 80,000 60,000
During the period, sales were $2,550,000, sales returns and allowances were $35,000, sales discounts were $40,800. The uncollectible accounts expense for the period was $25,000 and $5,000 of accounts were written off as uncollectible.
How much cash was received from customers?
Hamilton Company shows the following information concerning its net realizable value of accounts receivable. Ending Beginning Accounts receivable $750,000 $625,000 Allowance for uncollectible accounts 80,000 60,000 During the period, sales were $2,550,000, sales returns and allowances were $35,000, sales discounts were $40,800. The uncollectible accounts expense for the period was $25,000 and $5,000 of accounts were written off as uncollectible. How much cash was received from customers