Accounts Receivable Balance
Beginning accounts receivable were $43,375. All sales were on account and totaled $187,600. Cash collected from customers totaled $182,450.
Required:
Calculate the ending accounts receivable balance.
Accounts Receivable Balance:
The accounts receivable balance is the outstanding balance in the ledger accounts of the business from whom the money is due for receivable.
To calculate:
The amount of ending account receivable.
The beginning accounts receivable is
Now, for computing the ending account receivable during the year, the following formula should be followed:
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