Catherines Cookies has a beginning balance in the Accounts Receivable control total account of $8,200. $15,700 was
Question:
Catherine’s Cookies has a beginning balance in the Accounts Receivable control total account of $8,200. $15,700 was credited to Accounts Receivable during the month. In the sales journal, the Accounts Receivable debit column shows a total of $12,000. What is the ending balance of the Accounts Receivable account in the general ledger?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
The ending balance of the Accounts Receivable account in the general ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for...
-
What have been the major changes in the accounts receivable balances of finance companies over the 35-year period from 1977 to 2012?
-
In the accounts payable ledger, a suppliers account has a beginning balance of $5,800. Subsequently, a purchase of $1,600 from this supplier is journalized and then posted. What is the balance of the...
-
You are to show the journal entries necessary to record the following items which occured in 2012: (a) May 1 Bought a van on credit from Deedon Garage for 6,000. (b) May 3 A debt of 100 owing from P....
-
Briefly describe the major federal laws covering employment issues.
-
In a study on the physical activity of young adults, pediatric researchers measured overall physical activity as the total number of registered movements (counts) over a period of time and then...
-
What are the responsibilities of inventory management? LO.1
-
The following information relates to the activities of Funtime, Inc., a manufacturer of toys (amounts in millions of euros): a. Compute the inventory turnover for each year. b. Compute the average...
-
Hemming Co. reported the following current year purchases and sales for its only product. Date Activities Jan Beginning inventory Jan 10 Sales Mar 14 Purchase Mar 15 Sales July 30 Purchase Oct 5...
-
A national catalog and Internet retailer has three warehouses and three major distribution centers located around the country. Normally, items are shipped directly from the warehouses to the...
-
Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts...
-
A document that asks you to return an identifying part of it with your payment is a(n) ________. A. Source document B. Cloud document C. Point-of-sale document D. Turn-around document
-
Three identical fatigue specimens (denoted A, B, and C) are fabricated from a nonferrous alloy. Each is subjected to one of the maximum-minimum stress cycles listed below; the frequency is the same...
-
1. Using appropriate examples, compare and contrast the genetic diversity of marine fish species with freshwater fish species (8 marks) 2. Your class went on a trip and discovered a crater lake on...
-
Find sin(29) given that cos(0) = and 0
-
Amazing Aquariums began as a class project on new business development. Now that the visionaries behind the idea have graduated, they want to explore their business idea and see if the concept could...
-
3. Modify the program of Example 05 so that, it takes and prints values using the following two functions respectively. void get (double *&a, int& n); void print (double *a, int n); 4. Following is a...
-
A company will be financing its operations with and a capital budget is P40,000,000 and a debt-to-equity ratio of 1. The interest rate on company's debt is 10%. The expected return on equity by the...
-
Evaluate the following integral. -/2 dy sin y
-
Suppose the index goes to 18 percent in year 5. What is the effective cost of the unrestricted ARM?
-
Analyze Instacart using the value chain and competitive forces models. What competitive forces does the company have to deal with? What is its value proposition?
-
Explain how Instacarts business model works. How does the company generate revenue?
-
What is the role of information technology in Instacarts business model?
-
Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials cost of $58,000 and overhead costs of $40,000. If their per-unit prime cost was $32.00 per unit, how...
-
Present Value Computations Using the present value tables, solve the following. ( Click here to access the PV and FV tables to use with this problem. ) Round your answers to two decimal places....
-
A company provided the following data: Sales $887,000 Variable costs $546,800 Fixed costs $310,000 Expected production and sales in units 36,000 What is the break-even point in sales dollars? Please...
Study smarter with the SolutionInn App