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The following information relates to Jallorina Corporation for the year ended June 30, 2022.
Sales revenue 450,000Opening balance of trade receivables (net of allowance) 100,000Closing balance of trade receivable (net of allowance) 132,500Doubtful debt expense 5,000Increase in allowance for doubtful debts 2,000 Problem 1: Bad debts are written off against the allowance for doubtful debts. What is the amount of cash collected from the customers during the year ended June 30, 2022
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