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Elena-2011 [213]
3 years ago
14

The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin

g the month. The ending balance was $12,000. How much did the company receive from customers during the month?A) $50,000.B) $52,000.C) $48,000.D) $62,000.
Business
1 answer:
Marizza181 [45]3 years ago
8 0

Answer:

C) $48,000

Explanation:

The account receivables is the account used to house revenue that has been earned but yet to be received in the balance sheet. It is the holding account pending the settlement of cash for services rendered or goods sold.

As such, where the Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance was $12,000

Let the amount received from customers be K

$10,000 + $50,000 - K = $12,000

K = $10,000 + $50,000 - $12,000

K = $48,000

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2 years ago
Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe
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Answer:

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Iota Inc. has a freewheeling culture, whereas Axiom Inc. has a culture based on structure and discipline. The merger of these tw
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Cultural gap

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