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Calculate cash received from customers by ruby ltd for year

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Reference no: EM132993586

At 30 June 2018, Ruby Ltd had net accounts receivable of $180 000. At 30 June 2019, accounts receivable were $220 000 and sales for the year amounted to $1 800 000. Doubtful debts expense was $55 000 for the year. Discount allowed was $35 000 for the year.

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Problem 1: Calculate cash received from customers by Ruby Ltd for the year ended 30 June 2019.

Reference no: EM132993586

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