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The Sal Corporation had the following account balances on April 30. Salary expense $8,700 Fees revenue $260,000 Supplies $4,800 Cash $25,200 Allowance for uncollectible accounts
The Sal Corporation had the following account balances on April 30.
Salary expense | $8,700 | Fees revenue | $260,000 | |
Supplies | $4,800 | Cash | $25,200 | |
Allowance for uncollectible accounts | $9,000 | Accounts payable | $18,000 | |
Common stock | $42,000 | Prepaid rent | $2,700 | |
Dividends | $2,500 | Supplies expense | $4,800 | |
Uncollectible accounts expense | $3,900 | Accounts receivable | $31,000 |
Determine the amount of cash the company expects to collect from customers who owed the company on April 30.
a. | $31,000 | |
b. | $22,000 | |
c. | $27,100 | |
d. | $18,100 |
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