Analysis of the account determined that sales on account

Assignment Help Financial Accounting

Reference no: EM131291894

Simmons Company began the month with a balance of $83,000 in Accounts Receivable. An analysis of the account determined that sales on account for the month totaled $110,000. At the end of the? month, the balance in Accounts Receivable was $88,000. From this? information, it can be determined that Simmons Company had collections from customers on account? of:

Reference no: EM131291894

Questions Cloud

The rent covers the period : On June 1, 2017, Starbucks paid the rent of $66,000 for 20 of its stores in Washington and California. The rent covers the? period, June 1, 2017 through November 30, 2017. On June 1, Starbucks will record ________. On June? 30, Starbucks will record ..

Compute the break-even in total sales dollars and in units : Compute the break-even in total sales dollars and in units for 2016. Justice has proposed a plan to get the enterprise on a profitable level. He proposes to improve the quality of the product by spending $0.30 more on raw materials. How would James' ..

Beginning work in process using fifo process costing metod : XYZ Company operates two departments, the assembly department and the finishing department. During June, the assembly department reported the following information: Calculate the total cost of the 8,000 units in beginning work in process using the FI..

Quality training is an example of which quality cost : Which of the following would be an example of a mixed cost: Quality training is an example of which quality cost? The cost of setups would be considered a: A disadvantage of the high-low method of cost analysis is that:

Analysis of the account determined that sales on account : Simmons Company began the month with a balance of $83,000 in Accounts Receivable. An analysis of the account determined that sales on account for the month totaled $110,000. At the end of the? month, the balance in Accounts Receivable was $88,000. Fr..

An analysis of the account determined that sales on account : Simmons Company began the month with a balance of $83,000 in Accounts Receivable. An analysis of the account determined that sales on account for the month totaled $110,000. At the end of the? month, the balance in Accounts Receivable was $88,000. Fr..

What is the value of the shareholders equity account : Sankey, Inc. has current assets of $4,900, net fixed assets of $25,000, current liabilities of $4,100, and long-term debt of $10,300. What is the value of the shareholder’s equity account for this firm? How much is net working capital?

Received cash and issued stock to a new stockholder : Company A received cash and issued stock to a new stockholder. In recording this? transaction:

Company started the year with total assets : ABC Company started the year with total assets of $70,000 and total liabilities of $50,000. During the year the business recorded $150,000 in sales, $85,000 in expenses, and dividends of $10,000. The net income reported by ABC Company for the year wa..

User Account

All Pages