1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irga5000 [103]
3 years ago
10

On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge

-account customer. After posting this transaction, the new balance in the Accounts Receivable account is_________.
Business
1 answer:
alex41 [277]3 years ago
7 0

Answer:

$4,600 debit balance

Explanation:

Provided that

The account receivable balance = $5,000

The amount received from  its charge-account customer = $400

So after posting this transaction, the new balance in the account receivable account is

= The account receivable balance - The amount received from  its charge-account customer    

= $5,000 - $400

= $4,600 debit balance

You might be interested in
What is a reasonable estimate for the volume of a number cube:
den301095 [7]

Answer:

cjcdk

Explanation:

8 0
4 years ago
Apex Systems Co. offers its services to residents in the Seattle area. Selected accounts from the ledger of Apex Systems Co. for
AfilCa [17]

Answer:

Explanation:

The preparation of the statement of stockholders' equity at the end of the year is presented below:

                                          Apex Systems Co.

                             Statement of stockholders' equity  

                            For the fiscal year ended December 31, 2016

Particulars                  Common Stock          

Beginning

Balance                      $1,340,000

Add: Net income       $356,000    

Less:

Bart Nesbit, Drawing  -$91,200

Ending balance          $1,604,800                

                       

6 0
4 years ago
When we use a set of well defined steps to perform a task or solve a problem, we are using a/an _____?
Alik [6]
We are using an algorithm
3 0
4 years ago
Greeting individual members of the audience before your presentation begins is an effective way to convey friendliness and confi
Nana76 [90]
Ngl I definitely think this is true :) if not then FRICKKKK I’m sooo sorry for getting it wrong
7 0
3 years ago
Read 2 more answers
Dave is a handsome and famous celebrity. he has been dating gabriela, a beautiful and popular actress, for the past two months,
Leto [7]
According to the investment model there should be a degree of satisfaction in the relationship to have stability. But Dave doesn't have that commitment which means he is not satisfied with his relationship. This led him to be attracted with other women he worked with. He felt that these women showed interest to him and he thought of this can be the opportunity to find someone else. This is his alternative to find satisfaction that he is looking for.
4 0
3 years ago
Other questions:
  • aria's Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. The following is h
    15·1 answer
  • Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t
    8·1 answer
  • 20. Frictional unemployment is inevitable because: A) different sectors do not shift. B) the economy needs to be lubricated. C)
    9·1 answer
  • The Supplies Expense account was debited $1,240 by the Sanford Company for office supplies purchased during the first year of op
    5·1 answer
  • Imagine that you are a member of the band and you want to purchase some items from a music supply store. Use what you've learned
    6·2 answers
  • Look at the picture, which one is the correct answer?
    12·1 answer
  • The ________ approach to developing a positioning strategy involves positioning apart from competitors through the creation or u
    10·1 answer
  • Which characteristic is not reflective of a successful entrepreneur?
    15·1 answer
  • A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
    5·1 answer
  • 1.do you agree that the employer usually has the upper hand when it comes to establishing the employment relationship? when migh
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!