The Miller Company's cash collections from customers during 2017 are determined to total $17,885.8 million.
Data and Calculations:
Bad Debts Expense for 2017 = $18.0 million
Balance Sheet                       2017      2016
                                 million     million
Accounts receivable, net           $ 1,947.4   $ 1,574.6
Allowance for Uncollectible Accounts   $27.4     $27.7
Accounts receivable, gross         $1,974.8   $1,602.3
Income statement:
Sales revenue $ 18,276.6
T-Accounts:
Accounts Receivable
Account Title            Debit     Credit
Beginning balance   $1,602.3
Sales revenue       18,276.6
Allowance for Uncollectible        $18.3
*Cash                       17,885.8
Ending balance               $1,974.8
Totals            $19,878.9 $19,878.9
Allowance for Uncollectible Accounts
Account Title         Debit     Credit
Beginning balance             $27.7
*Accounts receivable $18.3
Bad debts expense            $18.0
Ending balance      $27.4
Totals             $45.7     $45.7
Thus, the cash collected from customers during 2017 amounted to $17,885.8 million.
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