Beginning accounts receivable were $135,600 and ending accounts receivable were $128,640. All sales were on credit and totaled $1,682,480. Determine how much cash was collected from customers.?

Q: A company had the following sales transactions: 1. Total debit card sales = $270,000. 2. Total…

A: Sales Transactions Revenue: Sales revenue is the amount of money earned by a corporation through the…

Q: On September 30, Valerian Co. had a $111,500 balance in Accounts Receivable. During October, the…

A: Given: Data for Accounts receivables: Opening - $111,500 Collection Made - $111,890 Closing -…

Q: The actual cash received from cash sales was $36,006, and the amount indicated by the cash register…

A: Cash short and over = Cash sales - cash received = $36,010 - $36,006 = $4

Q: Alco Roofing Company's beginning accounts receivable were $200,000 and ending accounts receivable…

A: Equation is  opening receivables + credit sales - collections = ending receivables

Q: On January 1, Year 2, Grande Company had a $71,000 balance in the Accounts Receivable account and a…

A: Uncollectible Account:- These are those accounts that are not going to be received by the company…

Q: The journal entry to record $6,000 cash received for $7,000 services performed would include O a. a…

A: In a journal entry, assets and expenses are debited and liabilities and revenues are credited. Here,…

Q: Sales revenue for Bancroft was $560,000. The following data are from the accounting records of…

A: The cash collection is calculated as sales revenue plus change in receivable balance

Q: A company had the following sales transactions: 1. Total debit card sales = $230,000. 2. Total…

A: Total sales include all the transactions related to sales i.e debit card, credit card, check sales,…

Q: The actual cash received from cash sales was $37,650 and the amount indicated by the cash register…

A: Given, Actual cash receievd = $37,650 Amount indicated by cash register = $37,653

Q: Ray's beginning and ending accounts receivable balances are $147,990 and $142,720, respectively.…

A: Cash collections for the period = Opening balance of accounts receivable + Credit sales for the…

Q: The actual cash received from cash sales was $14,953 and the amount indicated by the cash register…

A: Journal is the book where transactions are originally recorded.  Journal entry: A journal entry is…

Q: "Receivables control" that has a debit balance of P4,850,000. An analysis of the make-up of this…

A: In the given situation, the net balance of both accounts receivable and accounts payable has been…

Q: The actual cash received from cash sales was $83,452, and the amount indicated by the cash register…

A: Journal: Journal is the method of recording monetary business transactions in chronological order.…

Q: Beginning accounts receivable were $277,500 and ending accounts receivable were $303,300. Cash…

A: Accounts Receivable Balance: The accounts receivable balance is the outstanding balance in the…

Q: On July 1, the cash account balance was $37,450. During July, cash payments totaled $115,860 and the…

A: Cash receipts: Cash receipt means collection of money from customers for sales or services provided.…

Q: Sandhill Co. had a beginning balance in accounts receivable of $65,960 and an ending balance of…

A: Calculation Table Accounts Receivable Balance Amount in $ Beginning balance $65,960 + Credit…

Q: Corentine Company had $152,000 of accounts payable on September 30 and $132,500 on October 31. Total…

A: Debit what comes in, Credit what goes out. Debit the receiver, Credit the giver. Debit all expenses…

Q: Laundry services rendered totaled 180,000 of which 30% was settled with a note and the balance on…

A: Notes receivable represent the note contains a promise to pay a certain amount provided in the…

Q: The cash received from customers was:

A: Cash Received from Customers = Accounts Receivable at Beginning + Sales - Accounts Receivable at the…

Q: The beginning Cash account balance is $ 8,700. During the period, cash payments totalled $44,600. If…

A: Cash book means where all receipts and payment of cash is recorded. Cash receipt is added and cash…

Q: arlisle Transport had $4,318 cash at the beginning of the period. During the period, the firm…

A: Cash balance at the end = beginning cash +/- cashflow during the year

Q: Accounts Receivable Balance Beginning accounts receivable were $275,500 and ending accounts…

A: Amount of sales = Cash collected from customers - Beginning accounts receivable + Ending accounts…

Q: At the end of the day, the cash register's record shows $1,286, but the count of cash in the cash…

A: The petty cash fund is generally used for recording different small expenses and is replenished…

Q: On June 1, the cash account balance was $96,980. During June, cash receipts totaled $342,630 and the…

A: Cash Payments- It is the immediate payment of transactions for the purchase of goods, services, and…

Q: Guidry Corporation's beginning accounts receivable balance at January 1 was $200,000 and the ending…

A: The account receivables are also known by the name of debtors. These are the values due to a firm on…

Q: At the end of the day, the cash register tape shows $1,380 in cash sales but the count of cash in…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: The January 1 balance in accounts receivable was $22,000. All sales during the period were on credit…

A: Accounts receivable are the money owed to a company by its customers. This happens because of Credit…

Q: A company had beginning accounts receivable of $175,000. All sales were on account and totalled…

A: Formulas: Ending balance = Beginning accounts receivable + Credit sales - Cash collected

Q: Accounts Receivable Balance Beginning accounts receivable were $275,500, and ending accounts…

A: Accounts receivable are the customers of the company; from whom, amount is receivable due to the…

Q: In the first month of operations, the total of the debit entries to the cash account amounted to…

A: Total debit entries = $1230 Total credit entries = $840

Q: tar Company provided the following transactions affecting accounts receivable during the year ended…

A: Given that  Balances from jan 1 2014 statement of financial position: Accounts receivable 950000…

Q: Sandhill Co. had a beginning balance in accounts receivable of $65,960 and an ending balance of…

A: Answer Beginning balance of account receivable = $65,960 Ending balance of account receivable =…

Q: Bailey Co earns $27,792 of revenue on account and in $6,256 cash revenue transactions in Year 1.…

A: Under the accrual basis of accounting, recognition of revenues and expenses is made as and when they…

Q: Joseph Co. reported the following financial information for 2020: Accounts receivable, January 1,…

A: Service revenue rendered on account to clients  =  Accounts Receivable, December 31, 2020 + Cash…

Q: On May 1, Jensen's had a beginning cash balance of $284. April sales were $810 and May sales were…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: For the month of December, the records of Taboo Corporation show the following information: Cash…

A: Gross sales = Cash sales + Credit sales where, Credit sales = Ending Accounts Receivable + Cash…

Q: Ray's beginning and ending accounts receivable balances are $147,990 and $142,720, respectively.…

A: Calculation of the amount of cash collections for the period:

Q: Accounts Receivable Balance Ray’s beginning and ending accounts receivables balances are $147,990…

A: Formula: Cash collections for the period =  Beginning Accounts receivable + Credit sales - Ending…

Q: Accounts Receivable Balance Beginning accounts receivable were $135,720 and ending accounts…

A: The account receivables are also known with the name of debtors. These are the values due to a firm…

Q: Alco Roofing Company’s beginning accounts receivable were $200,000. Ending accounts receivable were…

A: Cash collected from customers = Beginning accounts receivable + credit sales - Ending accounts…

Q: Sales revenue for Hy Marx Tutoring was $620,000. The following data are from the accounting records…

A: Introduction: Revenue (sometimes known as sales revenue) is a term used to describe the amount of…

Q: At the end of the day, the cash register tape shows $1,360 in cash sales, but the count of cash in…

A: Introduction: Journals: Recording of a business transactions in a chronological order. Each and…

Q: Record the entry for services provided to customers for cash, $52,000, and on account, $47,000.

A: Required journal entry is as follows:

Q: Sales revenue for Hy Marx Tutoring was $620,000. The following data are from the accounting records…

A: Introduction: The term "revenue" refers to the quantity of money earned. It is the entire amount of…

Q: The following selected transactions occurred during the year ended December 31, 2026 of RANOA…

A: Under allowance method based on a percentage on sales, a percentage is applied on the net credit…