An accountant has inserted all the relevant figures into the trade receivables account, but has not yet balanced off the account. TRADE RECEIVABLES ACCOUNT Balance b/d 100,750 Cash at bank 250,225 Sales 325,010 Assuming there are no other entries to be made, other than to balance off the account, what is the closing balance on the trade receivables account?

An accountant has inserted all the relevant figures into the trade receivables account, but has not yet balanced off the account. TRADE RECEIVABLES ACCOUNT Balance b/d 100,750 Cash at bank 250,225 Sales 325,010 Assuming there are no other entries to be made, other than to balance off the account, what is the closing balance on the trade receivables account?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 3E: Journal Entry to Separate Receivables An examination of Hutton Corporations accounting records...

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