Data Relating to Three Companies That Each Had Sales of $850,000

question 2

Essay

Data relating to three companies that each had sales of $850,000 during the year follow:
a_Company A's accounts receivable balance increased $217,500 during the year.
b_Company B had a beginning balance in accounts receivable of $328,400 and an ending balance of $142,900.
c_Company C had a decrease in its accounts receivable account of $53,200.
Determine the amount of cash collected from customers by each company.

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Definitions:

Three-Bedroom Homes

Residential properties designed with three sleeping rooms, catering to families or groups needing multiple sleeping areas.

Increase

An upward adjustment in size, number, value, or strength.

Percent More

The increase in a quantity measured as a fraction of 100.

Reduced By

To decrease in amount or number by a specified factor or quantity.