The balance in accounts receivable at the beginning

Assignment Help Accounting Basics
Reference no: EM131017885

The balance in accounts receivable at the beginning of 2016 was $670. During 2016, $2,200 of credit sales were recorded. If the ending balance in accounts receivable was $100 and $200 in accounts receivable were written off during the year, the amount of cash collected from customers during 2016 was:

a) $2,200.
b) $2,570.
c) $2,870.
d) $2,770. 

Reference no: EM131017885

Questions Cloud

Activities help company with long-term sustainability : TPC is undertaking CSR activities in six thrust areas; are the processes and people involved well-defined for the six thrust areas? How far will these activities help the company with long-term sustainability?
Prepare the journal entry to record the appropriate payment : Prepare the journal entry to record the appropriate payment if the entire invoice is paid on July 8, 2016.
Provide at least two examples along with references : Provide at least two examples along with references in APA format.
What is the equation for the marginal revenue : Suppose Steepery Tea Bar is a monopolist in producing bubble teas in Madison. What is the equation for the marginal revenue (MR) curve for Steepery Tea Bar
The balance in accounts receivable at the beginning : The balance in accounts receivable at the beginning of 2016 was $670. During 2016, $2,200 of credit sales were recorded.
Ajax company purchased a two year certificate : Ajax Company purchased a two-year certificate of deposit for its building fund in the amount of $180,000.
Describe the structure of your ecosystem : Describe the structure of your ecosystem including important abiotic features and dominant plant and animal species. Explain some functions/processes of your ecosystem including one nutrient cycle and one food chain.
How nrf improved the level of preparedness from governments : Compare and contrast the two documents and identify how the NRF improved the level of preparedness from the local and state governments.
Prepare the journal entry to record the appropriate payment : Prepare the journal entry to record the appropriate payment if the entire invoice is paid on April 2, 2016.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ludwig enterprises makes only one product the company has a

ludwig enterprises makes only one product. the company has a theoretical capacity of 50000 unit annually. practical

  Hw are analytical procedures employed in audit engagement

how are the analytical procedures used in an audit engagement? what premise underlies the use of analytical procedures

  What was the selling price of the bonds

Zolf Corporation issued $60,000 of 6 percent, 10-year bonds on January 1, 2013, for a price that reflected a 7 percent market rate of interest. Interest is payable annually on December 31.

  Share of eagle''s net income and dividends

On January 1, Year 1, Tiger Company purchased 6,720 shares of Eagle Corporation's common stock when Eagle Corporation had 22,400 shares outstanding.

  The company must also spend 600 for direct labor finally

a company is building a widget. during the current year a widget requires direct materials with a cost of 500. the

  Find jackpot payout amount for each

Find jackpot payout amount for each, 1,000,000 7% for 20 years, 1,000,000 12% for 20 years, 1,000,000 7% for 25 years, 1,000,000 12% for 25 years

  Company recorded its ending inventory

At the end of Year 1, Manny Company recorded its ending inventory at $350,000 based on a physical count.

  Describe the ending inventory

Northwest paid freight-in charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. What is ending inventory?

  You have just been hired by securidoor corporation the

you have just been hired by securidoor corporation the manufacturer of a revolutionary new garage door opening device.

  Current net operating income level

Francisca wants to give its sales staff a $60,000 increase in salary but still wants to make the same net operating income. If Francisca gives this increase, by how much would sales at Francisca have to increase in order for the company to maintai..

  Although these products were 20 percent of michigans total

nbspgreat lakes inc. has three sales divisions. one of the key evaluation inputs for each division manager is the

  A targeted and focused concealed asset investigation

A targeted and focused concealed asset investigation (part of asset tracing) includes identifying, locating, and defining the manner by which concealed assets are believed to be held by the targets or his fronts. Concealed assets not only mean rea..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd