edugen.wileyplus.com | WileyPLUS Blossom WileyPLs.an Kimmel, Accounting, 6e Help

Question

edugen.wileyplus.com | WileyPLUS Blossom WileyPLs.an Kimmel, Accounting, 6e Help I Syst tem Announcements CALCULATOR PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Brief Exercise 8-12 Blossom Company had a beginning balance in accounts recelvable of s71,820 and an ending balance of S93,780. Cred t sales during the period were s602,940 Determine cash collecdions Cash Collections Homework Chapter Bief Exercise 8-5 Briof Exercise 8-7 Bricf Exercise 8-10 Exercise 8- Exercise 8-3 Click if you would like to Show Work for this question: Open Show WOk Exercise 8-5 SHOW LIST OF ACCOUNTS LINK TO NTERACTIVE TUTORLAL Review Scone Review Results by Study Question Attempts: 0 of 5 used SAVE FOR LATER

Explanation / Answer

Cash collections = Beginning balance + Credit sales - Ending balance

= $71,820 + $602,940 - $83,780

= $590,980

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