Question
16. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September
16. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in the Cash account for September assuming no beginning balance.Answer $5,500
17. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in Accounts Receivable for September assuming no beginning balance.
18. On September 1, Jerry Co. sold $2,000 of services for cash. On September 10, Jerry Co. sold $5,000 of services on account. On September 20, Jerry Co. collected $3,500 from accounts receivable. Calculate the ending balance in Service Revenue for September assuming no beginning balance.
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