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The following are selected transactions of The Holiday Store during February. The Store sells seasonal holiday items. 2/3 2/8 2/10 2/14 2/28 2/28 Sold 50
The following are selected transactions of The Holiday Store during February. The Store sells seasonal holiday items. 2/3 2/8 2/10 2/14 2/28 2/28 Sold 50 heart balloons for $5 cash each. Sold 100 boxes of chocolates at $10 each, terms 2/10, n/30. Collected within the discount period. Sold 50 heart necklaces for $25 each with no discount. Have not collected as of month-end. Sold 100 bouquets of roses at $30 per bouquet. Half the sales were on account. By month-end, 75% of the credit sales were collected. Sold 20 leftover heart necklaces to a discount store for $15 each on credit. Provided a loan to the company president for $100. Determine the balance in Accounts Receivable at 2/28. Total Accounts Receivable $
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