Question

Use the following information to calculate ending balance in accounts receivable. (This is a tricky question. All the information is relevant. Set up T-accounts or a spreadsheet to help.)
• Accounts receivable at the beginning of the period $75,000
• Revenue for the period (there are no cash sales) 400,000
• Unearned revenue at the beginning of the period 10,000
• Unearned revenue at the end of the period 15,000
• Cash collected-accounts receivable 355,000



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  • CreatedFebruary 26, 2015
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