Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1,400. Ending Accounts Receivable had a $630 balance. How much was collected on account during the period?

To calculate the total amount collected must be considered the initial balance of the Accounts Receivable then add the goods sold on account and finally must be deducted the final balance of the Accounts Receivable, that difference is the total amount collected in the period by the company.

Please see details bellow:

$380 Initial account balance

$1400 goods sold

($1.150) Collected Amount

$630 ending balance

abiolataiwo2015 abiolataiwo2015 · Answer 2 · 2021-10-28T10:55:56+02:00

If Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1,400. How much was collected on account during the period will be $1,150.

Beginning Account receivable $380

Add sales on account $1,400

Total Account receivable $1,780

($380+$1,400)

Less Ending Account receivable $630

Amount collected $1,150

($1,780-$630)

Inconclusion if Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1,400. How much was collected on account during the period will be $1,150.

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