Joyce Company began the year with a $21,000 balance in its Accounts Receivable account.During the accounting period,Joyce earned revenue on account amounting to $35,000.At the end of the accounting period,the Accounts Receivable account had a balance of $8,500.Using the above information,determine the amount of cash collected from accounts receivable during the current accounting period.

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The Answer of Joyce Company began the year with a $21,000 balance in its Accounts Receivable account.During the accounting period,Joyce earned revenue on account amounting to $35,000.At the end of the accounting period,the Accounts Receivable account had a balance of $8,500.Using the above information,determine the amount of cash collected from accounts receivable during the current accounting period.

Joyce Company Began the Year with a $21,000 Balance in Its