Question
Exercise 2-15A (Static) Determine missing amounts in the accounts receivable account LO 2-6 Required: Determine the missing amounts in each of the following four independent
Exercise 2-15A (Static) Determine missing amounts in the accounts receivable account LO 2-6\ Required:\ Determine the missing amounts in each of the following four independent scenarios:\ a. X Company had a
$4,500
beginning balance in accounts receivable on January 1 , Year 4 . During Year 4 , the company earned
$69,400
of revenue on account and collected
$68,200
cash from accounts receivable. Based on this information alone, determine the amount of the ending balance in accounts receivable.\ b. X Company had a
$3,400
ending balance in accounts receivable on December 31, Year 4. During Year 4 , the company earned
$62,200
of revenue on account and collected
$63,100
cash from accounts receivable. Based on this information alone, determine the amount of the beginning balance in accounts receivable.\ c. X Company had a
$9,700
beginning balance in accounts receivable on January 1 , Year 4 . During Year 4 , the company earned
$99,700
of revenue on account. The ending balance in accounts receivable was
$10,300
. Based on this information alone, determine the amount of cash collections from accounts receivable.\ d. X Company had a
$22,000
beginning balance in accounts receivable on January 1 , Year 4 . During Year 4 , the company collected
$109,000
of revenue on account. The ending balance in accounts receivable was
$21,300
. Based on this information alone, determine the amount of Revenue earned on account.\ Answer is complete and correct.\ \\\\table[[a. Ending balance,
$
,5,700],[b. Beginning balance,
$
,4,300],[c. Cash collections,
$
,99,100],[d. Revenue earned on account,
$
,108,300]]
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