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