Determine the amount of cash collected from receivables

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Reference no: EM13133939

The following account balances come from the records of Springfield Company.

Beginning Balance Ending Balance
Accounts receivable $4,000 $4,500
Allowance for doubtful accounts 550 600

During the accounting period, Springfield recorded $32,000 of service revenue on account. The company also wrote off a $300 account receivable.

Determine the amount of cash collected from receivables.

Collections of accounts receivable $

Reference no: EM13133939

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