Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. geeks with leeks, inc. only sells leeks on credit.

Geeks with Leeks, Inc. only sells leeks on credit. Beginning and ending balances of A/R...

90.2K

Verified Solution

Question

Accounting

Geeks with Leeks, Inc. only sells leeks on credit. Beginning and ending balances of A/R are $16,300 and $18,900. Ending cash balance was $23,100. Revenue recorded during the period was $135,000. How much cash was collected on account during the period? a. $2,600 b. $114,500 c. $135,000 d. $137,600 e. $158,100

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

Accounting
1.2K views

1. Alicia has been working for JMM Corp. for 32 years. Alicia participates in JMM’s defined...

Basic Math
1.2K views

Data Month Chevy Cruze Ford Focus Hyundai Elantra Honda Civic Toyota Corolla VW Jetta January 21,711 21,303 21,006 19,341 20,985 19,671 February 18,274 19,385 19,992 20,872 19,785 19,105 March 17,934 16,557 15,713 17,181 16,889 16,006 April 19,387 17,420 15,054 14,500 14,093 14,083 May 17,097 16,147 15,023 15,800 15,727 16,875 June 16,244 16,173 14,295 15,058 15,236 16,893 Phase 1 report must include the preliminary findings: What are...

Biology
1.2K views

Following on from previous question, select the two components in the light path of a...

Biology
1.2K views

Almost all of the data that is collected from radiosonde is displayed on which of...

Physics
1.2K views

Q3 Two coherent beams of light having intensities I and 41 interfere to produce fringe...

Geometry
1.2K views

Find the missing coordinate of P using the fact that P lies on the unit...

Accounting
1.2K views

Cone Corporation is in the process of preparing...

Accounting
1.2K views

Lopez Company is considering replacing one of its old manufacturing machines. The old machine has...

Accounting
1.2K views

Can you please answer all the questions and provide the general journal entry as well,...

Accounting
1.2K views

Bond Discount, Entries for Bonds Payable Transactions the bonds is nayabie semiannually on Decernber 31...

Accounting
1.2K views

During 2020, the following transactions were recorded by the Port Hudson Community Hospital, a private...

Accounting
1.2K views

Pine Street Inc. makes unfinished bookcases that it sells for $58. Production costs are $37...