| | | | | | Accounts Receivable | Accounts Receivable | | | | | | — Ray beginning and ending receivables balances are 147 990 142 720 respectively

General StudiesGeneralWorked Solution

Ray’s beginning and ending accounts receivables balances are $147,990 and $142,720, respectively. Ray’s sold $3,745,060 of merchandise, of which 50% was on credit.

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					Accounts Receivable	Accounts Receivable
Beginning balance	Beginning balance	Beginning balance	Beginning balance	Beginning balance	147,990
Sales	Sales	Sales	Sales		1,872,530	???	Collections	Collections	Collections
						???	Collections	Collections	Collections
Ending balance	Ending balance	Ending balance	Ending balance		142,720
Collections	Collections	Collections	Collections	=	$1,877,800

| | | | | | Accounts Receivable | Accounts Receivable | | | | | | — Ray beginning and ending receivables balances are 147 990 142 720 respectively

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