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how do i calculate accounts receivable Required information [The following information applies to the questions displayed below On September 1. Pat Hopkins established Ona Cloud
how do i calculate accounts receivable Required information [The following information applies to the questions displayed below On September 1. Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of doud computing services. Pat contributed $18,000 for 1,800 shares of OCC.On September 8, OCC borrowed $20,000 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $30,000 to acquire computer equipment. On September 15, OCC received $2.200 of supplies purchased on account and, on September 16, paid $2.400 for September rent Through September 22, OCC provided its customers $11,000 of services, of which occi collected $6.200 in cash. On September 28, OCC paid $415 for Internet and phone service this month. On September 29. OCC paid wages of $4,600 for the month. Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $350. This amount will be paid on October 14 through a preauthorized online payment Required: 1. Indicate the accounting equation effects of the September events, using table below (Enter any decreases to account balances with a minus sign.) I stockholders' Equity T 20.000 Notes Payable long-term) 18,000 20,000 30.000 (30.000) 2.200 2 200 Accounts Payable 2.400) 11000 Rent Expense Service Revenue (2.400 September 01 Cash September 08 Cash September 10 Equipment Cash September 15 Supplies September 16 Cash September 22 Cash Accounts Receivable September 28 Cash September 29 Cash September 30 Unities Expense Stories and Wages Expense (415 4.600) T 350 (4.600) 4 Next >
how do i calculate accounts receivable
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