At the beginning of January of the current year, Sorrel Co.'s ledger reflected a normal balance of
Fantastic news! We've Found the answer you've been seeking!
Question:
At the beginning of January of the current year, Sorrel Co.'s ledger reflected a normal balance of $52,000 for accounts receivable. During January, the company collected accounts from customers for $14,800 and provided additional services to customers for a total of $12,500. Additionally, in January, a customer paid Mikey $5,000 for future services.
At the end of January, what should be the balance on accounts receivable ?
Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
Posted Date: