How much cash was collected from customers, Accounting Basics

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How much cash was collected from customers

Problem

Fitness Machines reported credit sales of $880,000 and bad debt expense of $250,000 for 2021. Accounts receivable had a balance of $1,400,000 at the beginning of 2021 and $1,350,000 at the end of 2021. Assuming there are no write-offs made during 2021, how much cash was collected from customers during 2021?

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Accounting Basics: How much cash was collected from customers

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