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Problem 1: EEE Ltd reported net receivables of $2,586 million and $2,268 million at 31 December 20X1 and 31 December 20X2, after subtracting allowances of uncollectible receivables of $70 million and $64 million respectively. EEE Ltd earned total revenue of $53,333 million (all on account) and recorded uncollectible-account expense of $16 million for the year ended 31 December 20X2. In preparing the accounts receivables ledger, determine the cash collected from customers for the year ended 31 December 20X2.
a) 53635 milb) 53651 milc) none d) 53657 mil
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