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The following are sales of Cheyenne Corp. during February. The Store sells seasonal holiday items. 2/3 2/8 2/10 2/14 2/27 2/28 Sold 53 heart balloons
The following are sales of Cheyenne Corp. during February. The Store sells seasonal holiday items. 2/3 2/8 2/10 2/14 2/27 2/28 Sold 53 heart balloons for $5 cash each. Sold 96 boxes of chocolates at $12 each, terms 2/10, n/30. Collected within the discount period. Sold 68 heart necklaces for $23 each with no discount. Have not collected as of month end. Sold 180 bouquets of roses at $30 per bouquet. Half the sales were on account. By month end, 75% of the credit sales were collected. Sold 28 leftover heart necklaces to a discount store for $18 each on credit. Sold a display cabinet at a swap meet for $250 on account. Determine the balance in Accounts Receivable at 2/28. Total Accounts Receivable $
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