Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during 2019, chihuahua corporation had total credi

During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of...

80.2K

Verified Solution

Question

Accounting

During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of $45,000, wrote off $3,600 of uncollectible accounts, and recovered $4,000 of previously written off accounts. If the accounts receivable balance on January 1, 2019 is $26,300, what is the balance in the account on December 31, 2019?

Select one:

a. $41,300

b. $37,700

c. $36,900

d. $75,100

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

According to the Insider’s Guide to Academic Writing: A Brief Rhetoric. Second Edition, the book lists...

Physics
1.2K views

A 336-kg crate rests on a surface that is inclined above the horizontal at an angle...

Physics
1.2K views

A spy satellite moves at a height of 50 km above the Earth s surface...

Basic Math
1.2K views

Which measurement is closest to the area of two pieces of pieces of pizza if...

Statistics
1.2K views

Which theory approaches the natural environment with the notion that not all groups or individuals...

Calculus
1.2K views

41 Write one pair of polar coordinates that name the point with coordinates 8 200...

Calculus
1.2K views

A one to one function is given Write an equation for the inverse function n...

Accounting
1.2K views

my choice is incorrecf Thomson Corporation owns 70 percent of...

Accounting
1.2K views

really stuck on this question help me out plz Score: 0 of 5...

Accounting
1.2K views

Following is a table for the present value of $1 at compound interest: Year 6%...

Finance
1.2K views

Critically examine whether corporate governance reform has gone too far, or not including future directions...

Finance
1.2K views

What would be the total cost of leasing a vehicle for 5 years that requires...