Please answer all three. Use the following information...

80.2K

Verified Solution

Question

Accounting

Please answer all three.
image
image
image
Use the following information to answer questions 1-3: LU\% or the credit sales are collected in the month of sale, 70% in the month after sale, and 10% in the second month after sale. What is the balance of accounts receivable on March 31 ? Multiple Choice $11,000 $12,000 $72,000 $83,000 Use the following information to answer questions 1-3: 20% of the credit sales are collected in the month of sale, 10% in we munur am. sale, and 10% in the second month after sale. What are the cash collections for March? Multiple Choice $132,000 $18,000 $120,000 $107,000 Hee the followina information to answer questions 1-3: 20% of the credit sales are collected in the month of sale, 70% in the month after sale, and 10% in the second month after sale. What is the balance of accounts recelvable on April 30 ? Multiple Choice $80,000 $89,000 $30.000 $189,000

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