Question
XYZ door company had a beginning balance in Accounts Receivable of $13,000 on May 1 2019. They had sales of $40,000 all sold on
XYZ door company had a beginning balance in Accounts Receivable of $13,000 on May 1 2019. They had sales of $40,000 all sold on account. They collected $27,000 during the month. The owner withdrew $5,000 of his original investment. What is the ending balance in accounts receivable? 40000
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
