The CHS Company has provided the following information:• Accounts receivable written-off as uncollectible during the year amounted to $12,400.• The accounts receivable balance at the beginning of the year was $240,000.• The accounts receivable balance at the end of the year was $300,000.• The allowance for doubtful accounts balance at the beginning of the year was $14,900.• The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $13,800.• Credit sales during the year totaled $945,000. How much cash was received from collections of accounts receivable?
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Home » Business » The CHS Company has provided the following information:• Accounts receivable written-off as uncollectible during the year amounted to $12,400.• The accounts receivable balance at the beginning of the year was $240,000.