Roberts Corp. had a beginning balance in accounts receivable of $74,235 and an ending balance of $119,261. Sales during the period were $483,916. Determine cash collections.
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Roberts Corp. had a beginning balance in accounts receivable of $74,235 and an ending balance of $119,261. Sales during the period were $483,916. Determine cash collections.
opening balance + input minus closing balance = output
you will find such a equation is used in many accounting situations
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