Question
Geeks with Leeks, Inc. only sells leeks on credit. Beginning and ending balances of A/R are $16,300 and $18,900. Ending cash balance was $23,100. Revenue
Geeks with Leeks, Inc. only sells leeks on credit. Beginning and ending balances of A/R are $16,300 and $18,900. Ending cash balance was $23,100. Revenue recorded during the period was $135,000. How much cash was collected on account during the period? a. $2,600 b. $114,500 c. $135,000 d. $137,600 e. $158,100
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
