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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]]

image text in transcribed
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

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