Use the following information to calculate ending balance in accounts receivable. Accounts receivable at the beginning

Question:

Use the following information to calculate ending balance in accounts receivable.

• Accounts receivable at the beginning of the period....... $20,000

• Revenue for the period (there are no cash sales)........... 150,000

• Cash collected—accounts receivable ............................... 152,000

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...