Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on december 1, the accounts receivable account had

On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the...

70.2K

Verified Solution

Question

Accounting

On December 1, the Accounts Receivable account had a $19,200 debit balance. During December the business earned $10,600 in revenue on account and collected $14,600 from its charge-account customers. After posting these transaction, the balance in the Accounts Receivable account on December 31 is

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

Statistics
1.2K views

O Macmillan Learning 200 300 400 500 600 700 800 Math SAT scores are Normally...

Psychology
1.2K views

. “I’m bored with my job,” one highly experienced nurse tells you, and you believe she...

Biology
1.2K views

10 Describe the process of translation including initiation elongation and termination and explain which enzymes...

Geometry
1.2K views

An 80 foot rope from the top of a tree house to the ground forms...

Geometry
1.2K views

Find the area of each figure Round to the nearest tenth if necessary Lesson 11...

Accounting
1.2K views

You purchased equipment in 2017 for $120,000 plus it costs $20,000 to have it delivered...

Accounting
1.2K views

1. A seven person society, with members P1 through P7, intends to select a policy...

Accounting
1.2K views

equipment purchase at the beginning of the fiscal year for $410,000 is expected to have...

Accounting
1.2K views

The cost of equity and cost of debt of a company are 14 and 10...

Accounting
1.2K views

Exercise 13-6 Prepare a Statement of Cash Flows; Free Cash Flow (LO13-1, LO13-2, LO13-3) Comparative...

Accounting
1.2K views

As of January 1,2023, Aziza's Shop had a balance in its retained earnings account of...

Accounting
1.2K views

1. The cost of an asset is $1,160,000 and its residual value is $200,000. The...