Question
Aggie Pool Guys, Inc. began operations on September 1, 2019 with an investment of $30,000 cash into the business. During the month of September, Aggie
Aggie Pool Guys, Inc. began operations on September 1, 2019 with an investment of $30,000 cash into the business. During the month of September, Aggie completed the following additional transactions:
Sept 2 Sold a customer pool equipment on account, $2,500.
Sept 4 Purchased supplies on credit for $1,000.
Sept 8 Repaired a customers pool and collected the fee of $1,800.
Sept 13 Received $500 from customers for payment on their account.
Sept 15 Paid employee wages of $800.
Sept 18 Repaired a customers pool and billed, but did not collect $2,200.
Sept 21 Collected $1,000 from a customer for a job to be performed in October.
What is the balance in the Accounts Receivable account on September 30, 2019? (hint: Use T account)
A. | $8,000 | |
B. | $4,200 | |
C. | $3,200 | |
D. | $7,000 | |
E. | $5,200 |
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