SOLUTION: Can someone please help me with this problem: Port Corporation reported a $1,800 balance in accounts receivable on January 1, 2006. During the year, $12,400 of sales on account

Question 176209: Can someone please help me with this problem:
Port Corporation reported a $1,800 balance in accounts receivable on January 1, 2006. During the year, $12,400 of sales on account were made. During the year, Port wrote off as uncollectible, accounts receivable of $850. If the ending balance of accounts receivable is $1,000 what is the amount of cash received from customers?
a. $10,600
b. $10,750
c. $12,350
d. $14,200

Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
c. $12,350
1,800 + 12,400 = 14,200 - 850 = 13,350 (total A/R, less write-off)
$13,350 - $1,000 = $12,350 (cash collected during period)
RELATED QUESTIONS
Can someone please help me with this problem: A Corporation reported beginning balance (answered by Mathtut)

Can someone please help me with this problem. A company began the accounting period... (answered by gonzo)

Can someone please help me with this problem: A Corporation reported a beginning... (answered by alireelaw)

Hi can you please help me with this problem. A ship leaves a port and travels with a... (answered by Theo)

Can someone please help me with this problem: A company reported the following... (answered by edjones)

The following aged accounts receivable schedule was prepared for Dulax paints at the end... (answered by solver91311)

The following aged accounts receivable schedule was prepared for Dulax paints at the end... (answered by ikleyn)

Can someone please help me with this problem? The price of a doll increased from $600... (answered by stanbon)

2) Which of the following is not an asset account? A) Notes Payable B) Cash C)... (answered by Alan3354)