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USE THE FOLLOWING INFORMATION FOR THIS QUESTION: SALES ON ACCOUNT CASH COLLECTED JANUARY $500,000 FEBRUARY $221,000 MARCH $25,000 APRIL $1,300,000 MAY $450,000 JUNE $228,400 JULY
USE THE FOLLOWING INFORMATION FOR THIS QUESTION:
SALES ON ACCOUNT | CASH COLLECTED | |
JANUARY | $500,000 | |
FEBRUARY | $221,000 | |
MARCH | $25,000 | |
APRIL | $1,300,000 | |
MAY | $450,000 | |
JUNE | $228,400 | |
JULY | $435,000 | |
AUGUST | $166,000 | |
SEPTEMBER | $3,000 | |
OCTOBER | $290,000 | |
NOVEMBER | $101,000 | |
DECEMBER | $42,000 |
Compute the ending balance in the Accounts Receivable account.
Group of answer choices
$803,000
$2,958,400
$2,155,400
zero
unable to determine
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