1. **State the problem:** We need to find the cash collected from customers given the beginning and ending balances of Accounts Receivable and the credit sales during the year. 2. **Formula used:** The relationship between beginning balance, credit sales, cash collected, and ending balance in Accounts Receivable is: $$\text{Beginning Accounts Receivable} + \text{Credit Sales} - \text{Cash Collected} = \text{Ending Accounts Receivable}$$ 3. **Rearrange the formula to find cash collected:** $$\text{Cash Collected} = \text{Beginning Accounts Receivable} + \text{Credit Sales} - \text{Ending Accounts Receivable}$$ 4. **Substitute the given values:** $$\text{Cash Collected} = 20000 + 200000 - 15000$$ 5. **Calculate:** $$\text{Cash Collected} = 220000 - 15000 = 205000$$ 6. **Interpretation:** The cash collected from customers during the year is 205000. **Final answer:** 205000