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On 6/1/18, the balance of accounts receivable (A/R) for Bubbles Inc. is $17,080. On 6/5/18, the firm provides services to customers on account for $2,740.
On 6/1/18, the balance of accounts receivable (A/R) for Bubbles Inc. is $17,080. On 6/5/18, the firm provides services to customers on account for $2,740. On 6/17/18, the firm receives $3,515 from customers on their accounts. There are no other transactions during the month. What will be the ending balance of A/R as of 6/30/18? 8.516,305 B.55,255 C. $10,825 d. 523,335 e517,855 Walk Like You, Inc. provides fitness training to customers. On February 5th, the firm provided $1,500 worth of services to customers who had pre-paid cash in January for these services. On February 17", the firm received $800 in cash from customers on their accounts receivable. On February 28th, the firm received $4,100 in cash from customers for services to be provided in March. Using accrual-basis accounting, how much revenue should this firm recognize for the month of February? a. 55,600 6.52,300 . C. $1,500 d. 56,400 .54,100
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