During the accounting period springfield recorded 32000 of, Ask an Expert

Accounting

The following account balances come from the records of Springfield Company.

Beginning Balance Ending Balance
Accounts receivable $4,000 $4,500
Allowance for doubtful accounts 550 600

During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.

Determine the amount of cash collected from receivables.

Collections of accounts receivable $

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9414128

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