Question: Need 100% correct. Thanks Multiple Choice Question 130 Blue Spruce Corp. had a balance in the Accounts Receivable account of $781000 at the beginning of

Need 100% correct. Thanks

Need 100% correct. Thanks Multiple Choice Question 130 Blue Spruce Corp. had

Multiple Choice Question 130 Blue Spruce Corp. had a balance in the Accounts Receivable account of $781000 at the beginning of the year and a balance of $842000 at the end of the year. Net credit sales during the year amounted to $7214000. The average collection period of the accounts receivable in terms of days was 0 42.4 days O 83.0 days. 30 days. 41.0 days

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!

Accounting question Really important. Need 100% correct. Thanks Itiple Choice Question 135 Metlock, Inc. had a balance in the Accounts Receivable account of $802000 at the beginning of the year and a...

Multiple Choice Question 113 Blue Spruce Corp. uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $400000 and credit sales are $1600000....

Kimmel, Accounting, 6e Hele I S CALCULATOR PRINTER VERSTON Multiple Choice Question 135 Ayayai Corp. had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a...

Assume Blue Spruce Corp. uses the periodic inventory system and has a beginning inventory balance of $4500, purchases of $79000, and sales of $140000. Blue closes its records once a year on December...

Blue Spruce Corp. had a balance in the Accounts Receivable account of $808000 at the beginning of the year and a balance of $901000 at the end of the year. Net credit sales during the year amounted...

Comprehensive Accounting Cycle Review 6 On December 1, 2017, Blue Spruce Corp. had the account balances shown below. Cash Accounts Receivable Inventory (3,300 x $0.60) Equipment Debits $4,810...

The unadjusted trial balance of Blue Spruce Corp., a private company following ASPE, at Credit Cash Debit $11,800 58,450 $705 8,800 59,500 2,904 12,396 14,650 17,000 11,600 101,500 Accounts...

updated with more information. need help on posting the journal entries to the ledger accounts for items 1-9. Last 5 pictures are the problems I tried doing but wasnt sure if i was correct and the...

im having trouble with the ledger accounts using the T-accounts. can anyone help? i provided the above information to help solve Blue Spruce Corp. prepares quarterly financial statements. The...

meducation.com 1 mglund Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in Required information [The following information applies to...

The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...

Following are examples of control deficiencies that may represent significant deficiencies or material weaknesses. For each of the following scenarios, indicate whether the deficiency is a...

Write a complete and syntactically correct Python program to solve the following problem: 1 . Input a date in numeric format from the user e . g . mm / dd / yy . ( LO 1 . 1 ) 2 . Examine the month...

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

What is the difference between a traditional interview question and a behavioral interview question? (Objective 3)

Technology. Use a website to locate salary information for a beginning accountant, administrative assistant, computer programmer, and finance manager in the largest city in your state. In an e-mail...

Go to the Student Resources section of the website for Chapter 17. Retrieve and print two copies of the employment application form. Read the directions carefully and then complete the entire form....