Question

Custom Motors' account with Widgets, Inc. Has an opening balance of $1,200. They make four purchases totaling $1,500, receive a $400 credit for returned widgets, and make a payment of $2,000. What amount will go into the schedule of accounts for Custom Motors? A. $300 B. $1,500 OC. $1,100 D. $2,000

Answer 1

Answer:

A. $300

Explanation:

The computation of the amount will go into the schedule of accounts for Custom Motors is shown below;

= Opening balance + purchase made - credit received - payment made

= $1,200 + $1,500 - $400 - $2,000

= $300

Hence, the amount will go into the schedule of accounts for Custom Motors is $300

Therefore the option a is correct

And, the same would be considered