q how much cash did a firm collect from its


Q. How much cash did a firm collect from its customers, given the following fact set?  Beginning and ending accounts receivable were $50 and $60, respectively.  Beginning and ending allowance for doubtful accounts were $8 and $10, respectively.  The firm had credit sales of $100.  The firm also estimated bad debt expense to be $5.  Finally, the firm wrote-off $3 of receivables as uncollectible.

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