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Data from the records of Tiny Wonders Daycare Inc. indicate the following: Feb 28 March 31 Cash $6000 Accounts receivable $53000 $29000 Accounts payable $39000
Data from the records of Tiny Wonders Daycare Inc. indicate the following: Feb 28 March 31 Cash $6000 Accounts receivable $53000 $29000 Accounts payable $39000 $17000 Time Additional information indicates that cash collections from customers on account were $43000 and purchases from suppliers on account were $10000. Required: What were the sales on account for the month of March? Hint: the use of a T-account may be helpful to calculate this amount. Answer:
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