above is information about how much the customer owes if they cancel the contract.

On the bottom-right is the itemization of the current months bill showing that the customer needs to pay $355.95.

The cell service provider booked $3,400 as a DEBIT to Accounts Receivable and a credit to Revenue when the contract began.

Ignore that cell phone services are typically billed in advance of the provision of service.

Based on those facts, answer the following questions:

What was the balance in Accounts Receivable immediately before this bill was sent?

The customer purchased the phones on December 24, 2016. What month is it currently?

When the company sends this bill, what entry should they record? How much Revenue?

When the company receives the customers payment, what entry should they record?

What will the balance in Accounts Receivable be immediately after the customers payment?

Summary of Device Balance by user USER CREDITS (5) STARTING BALANCE 52 825.00 CURRENT BALANCE 378.12 END DATE Dec 24, 2018 925.00 3854 Dec 24, 2018 APPLE I7 128GB SILVER LTE ARTL APPLE 17 128GB BLACK LTE ART. APPLE 17 128GB ROSE GOLD LTE ARTL 825.00 378.12 Dec 24, 2018 825.00 378.12 Dec 24, 2018 APPLE I7 128GB JET BLACK LTE ARTL Summary of charges by user MONTHLY AND OTHER CHARGES (9 75.00 USAGE CHARGES (5) USER ADD-ONS (5) TOTAL BEFORE TAXES (5) 75.00 TAXESS) 9.75 TOTAL $ 84.75 85.00 35.00 120.00 15.60 135,60 55.00 55.00 7.15 62.15 65.00 65.00 8.45 73.46 Total $280.00 $35.00 $0.00 $315.00 $40.95 $355.95 Summary of Device Balance by user USER CREDITS (5) STARTING BALANCE 52 825.00 CURRENT BALANCE 378.12 END DATE Dec 24, 2018 925.00 3854 Dec 24, 2018 APPLE I7 128GB SILVER LTE ARTL APPLE 17 128GB BLACK LTE ART. APPLE 17 128GB ROSE GOLD LTE ARTL 825.00 378.12 Dec 24, 2018 825.00 378.12 Dec 24, 2018 APPLE I7 128GB JET BLACK LTE ARTL Summary of charges by user MONTHLY AND OTHER CHARGES (9 75.00 USAGE CHARGES (5) USER ADD-ONS (5) TOTAL BEFORE TAXES (5) 75.00 TAXESS) 9.75 TOTAL $ 84.75 85.00 35.00 120.00 15.60 135,60 55.00 55.00 7.15 62.15 65.00 65.00 8.45 73.46 Total $280.00 $35.00 $0.00 $315.00 $40.95 $355.95