Question
The following are sales of Skysong, Inc. during February. The Store sells seasonal holiday items. 2/3 2/8 2/10 2/14 2/27 2/28 Sold 55 heart balloons
The following are sales of Skysong, Inc. during February. The Store sells seasonal holiday items.
2/3
2/8
2/10
2/14
2/27
2/28
Sold 55 heart balloons for $5 cash each.
Sold 92 boxes of chocolates at $10 each, terms 2/10, /30. Collected within the discount period.
Sold 52 heart necklaces for $23 each with no discount. Have not collected as of month end.
Sold 180 bouquets of roses at $38 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 $19 each on credit.
Sold a display cabinet at a swap meet for $230 on account.
Determine the balance in Accounts Receivable at 2/28.
Total Accounts Receivable
$
The following are sales of Skysong, Inc. during February. The Store sells seasonal holiday items. 2/3 Sold 55 heart balloons for $5 cash each. 2/8 Sold 92 boxes of chocolates at $10 each, terms 2/10,n/30. Collected within the discount period. 2/10 Sold 52 heart necklaces for $23 each with no discount. Have not collected as of month end. 2/14 Sold 180 bouquets of roses at $38 per bouquet. Half the sales were on account. By month end, 75% of the credit sales were collected. 2/27 Sold 28 leftover heart necklaces to a discount store for $19 each on credit. 2/28 Sold a display cabinet at a swap meet for $230 on account. Determine the balance in Accounts Receivable at 2/28. Total Accounts Receivable $ The following are sales of Skysong, Inc. during February. The Store sells seasonal holiday items. 2/3 Sold 55 heart balloons for $5 cash each. 2/8 Sold 92 boxes of chocolates at $10 each, terms 2/10,n/30. Collected within the discount period. 2/10 Sold 52 heart necklaces for $23 each with no discount. Have not collected as of month end. 2/14 Sold 180 bouquets of roses at $38 per bouquet. Half the sales were on account. By month end, 75% of the credit sales were collected. 2/27 Sold 28 leftover heart necklaces to a discount store for $19 each on credit. 2/28 Sold a display cabinet at a swap meet for $230 on account. Determine the balance in Accounts Receivable at 2/28. Total Accounts Receivable $Step by Step Solution
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