Use these account balances to complete the next two questions: If the balance in Accounts Payable is
Question:
Use these account balances to complete the next two questions:
If the balance in Accounts Payable is $2,000.00 and Grooming Revenue is $400.00, what is the correct balance for the Accounts Receivable account?
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Cash in Bank Accounts Receivable Office Supplies Office Furniture Office Equipment Accounts Payable $3,200.00 ? 300.00 1,200.00 1,800.00 ? Amy Smith, Capital Amy Smith, Drawing Boarding Revenue Grooming Revenue Salaries Expense Miscellaneous Expense $6,200.00 1,000.00 1,400.00 ? 300.00 200.00
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