Question: 9 B points Seved ellook Print Required: Determine the missing amounts in each of the following four independent scenarios: a. X Company had a

9 B points Seved ellook Print Required: Determine the missing amounts in

9 B points Seved ellook Print Required: Determine the missing amounts in each of the following four independent scenarios: a. X Company had a $4,500 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company earned $69,400 of revenue on account and collected $68,200 cash from accounts receivable. Based on this information alone, determine the amount of the ending balance in accounts receivable. b. X Company had a $3,400 ending balance in accounts receivable on December 31, Year 4. During Year 4, the company earned $62,200 of revenue on account and collected $63,100 cash from accounts receivable. Based on this information alone, determine the amount of the beginning balance in accounts receivable. c. X Company had a $9,700 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company earned $99,700 of revenue on account. The ending balance in accounts receivable was $10,300. Based on this information alone, determine the amount of cash collections from accounts receivable. d. X Company had a $22,000 beginning balance in accounts receivable on January 1, Year 4. During Year 4, the company collected $109,000 of revenue on account. The ending balance in accounts receivable was $21,300. Based on this information alone, determine the amount of Revenue earned on account. References a Ending balance b. Beginning balance c. Cash collections d. Revenue eamed on account $ 5,700 Help Save & Exit Submit Check my work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!