Determine cash collections during the period

Reference no: EM131975564

Problem

Shamrock, Inc. significantly reduced its requirements for credit sales. As a result, sales during the current year increased dramatically. It had receivables at the beginning of the year of $35,600 and ending receivables of $186,700. Credit sales were $400,400.

Determine cash collections during the period.

Reference no: EM131975564

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