Question
A business has the following transactions: The business receives $25,000 in cash and issues common stock to shareholders. The business buys $800 in office supplies
A business has the following transactions:
The business receives $25,000 in cash and issues common stock to shareholders. |
The business buys $800 in office supplies on its account. |
The business buys $4,000 of furniture into its account. |
The business serves a variety of clients with a total of $17,000 in account. |
The business pays $2,000 for salary expense and $5,000 for rental expense. |
The business pays a supplier $800 for previously purchased office supplies. |
The business charges one of its customers $3,000 for services rendered earlier in the month. |
At the end of the month, all journal entries are posted.
What will be the balance of Accounts Receivable?
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