What the amount of cash collected from the customers

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Reference no: EM132785621

The following information relates to Jallorina Corporation for the year ended June 30. 2022.

Sales revenue 450,000
Opening balance of trade receivables (net of alowance) 100,000
Closing balance of trade receivable (net of allowance) 132,500
Doubtful debt expense 5,000
Increase in allowance for doubtful debts 2,000

Problem 1: Bad debts are written off against the allowance for doubtful debts. That is the amount of cash collected from the customers during the year ended June 30. 2022?

Reference no: EM132785621

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