FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Accounts Receivable account for Johney's Mechanic Shep had a beginning balance of $37.000 During the month Johrny made sales on account of 506,000 The

image text in transcribed
The Accounts Receivable account for Johney's Mechanic Shep had a beginning balance of $37.000 During the month Johrny made sales on account of 506,000 The endng balance in the Accounts Recelvable account is 530,000 What are cash collections for the menth OA $46.000 OB $53.000 OC S37.000 OD. 83000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Conducting An Institutional Diversity Audit In Higher Education A Practitioners Guide To Systematic Diversity Transformation

Conducting An Institutional Diversity Audit In Higher Education A Practitioners Guide To Systematic Diversity Transformation

Authors: Edna Chun, Alvin Evans, Benjamin D. Reese

1st Edition

1620368196, 978-1620368190

More Books

Students also viewed these Accounting questions

Question

★★★★★
In computing the earnings to fixed charges ratio, what broad categories of items are included in fixed charges? What tax adjustments must be considered for these items?

Answered: 1 week ago

Question

★★★★★
=+d. Are the outcomes has a Visa card and has a MasterCard independent? Explain.

Answered: 1 week ago

Question

★★★★★
A firm has the following items on its balance sheet: Cash ........................$ 20,000,000 Inventory ...................... 134,000,000 Notes payable to bank ................ 31,500,000 Common...

Answered: 1 week ago

Question

★★★★★
The Accounts Receivable account for Johney's Mechanic Shep had a beginning balance of $37.000 During the month Johrny made sales on account of 506,000 The endng balance in the Accounts Recelvable...

Answered: 1 week ago

Question

★★★★★
A project has the following cash flows. What is the payback period? YEAR CF 0 -52000 1 7000 2 8000 3 9000 4 19000 5 25000 6 30000 a) 4.64 years b) 4.48 years c) 4.36 years d) none of the above

Answered: 1 week ago

Question

★★★★★
The graph illustrates the supply and demand for blue jeans. If the actual price of blue jeans is $ 3 0 , we would expect the price of blue jeans to _ _ _ _ _ _ _ _ , the quantity demanded of blue...

Answered: 1 week ago

Question

★★★★★
After collecting an arterial sample, it is necessary to remove any air bubbles from the syringe because... After collecting an arterial sample, it is necessary to remove any air bubbles from the...

Answered: 1 week ago

Question

★★★★★
Case #2 Picking the Best Lottery Payoff Option Congratulations! You have won the $ 1 million lottery grand prize. You have been presented with several payout alternatives, and you have to decide...

Answered: 1 week ago

Question

★★★★★
P.T. is a 35 - year - old male with a three - year history of cluster headache . He presents to the neurology clinic for follow - up . He states that he has not had any headaches for approxi mately...

Answered: 1 week ago

Question

★★★★★
Discuss the equimarginal principle and how it can be applied to resource problems.

Answered: 1 week ago

Question

★★★★★
4. Support and enliven your speech with effective research

Answered: 1 week ago

Question

★★★★★
1. Describe the power of public speaking and how preparation eases natural nervousness

Answered: 1 week ago

Question

★★★★★
3. Choose an appropriate topic and develop it

Answered: 1 week ago

Previous Question Next Question